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Alternative Market Briefing

Other Voices: FoHF Returns vs Hedge Funds during Covid-19

Tuesday, October 13, 2020

From Alternativesoft (information@alternativesoft.com):

Some investment funds have done better than others during Covid-19. From data aggregated using AlternativeSoft's investment platform, we can see that easily the best performing investments in the period Feb 2020 to Aug 2020 were Growth Mutual Funds. In second place came Equity Long Short Hedge Funds1, closely followed by Fund of Hedge Funds (FoHF) investments with Value Mutual Funds bringing up the rear.

To arrive at this conclusion, our platform used reliable data from Eurekahedge, Barclayhedge, HFR and Morningstar databases, with funds in USD currency only2.

As Table 1 shows, Equity Long Short Hedge Funds outperformed Fund of Hedge Funds by 3% only and underperformed Growth Mutual Funds by 10%. These numbers are averaged among thousands of funds and are not excessive when you understand that Tesla does +10% and -10% in a single day. Equity Long Short Hedge Funds aren't that far away from the S&P500 with a 4% underperformance.

But it's when you look at funds selection and returns dispersion among funds, that things really become interesting. The top 50 Equity Long Short Hedge Funds generated during Feb 2020 - Aug 2020. The top 50 Growth Mutual Funds generated dur......................

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