In the week ending March 6th 2020, a report from HFR said that Hedge funds investing in Emerging Markets and developed Asian regions began 2020 with a surge in realized asset volatility driven by the spreading coronavirus. According to HFR, coronavirus has contributed to steep losses across regional equity and energy commodity markets, while also driving sharp increases in fixed income and gold prices on investor flight to quality. Further in performance news, Ray Dalio's Bridgewater Associates is down 8% this year through February in its Pure Alpha II strategy after posting a loss during last month's market turmoil; Dan Loeb's flagship Third Point fund posted a big loss in February, pushing the multistrategy hedge fund into negative territory for the year, while Jim Simons's Renaissance Technologies saw its quantitative equity hedge fund tumble 7% as stock markets sunk. Chris Hansen's Valiant Capital Partners Onshore surged an estimated 13.97 percent gain in February. As a result, it is now up 19.51 percent for the year, and London-based Brevan Howard's main fund, which bets on macroeconomic events, made 5.2% in February, generating gains of 3.8% year-to-date. Meanwhile, CTAs, Special Situations, and L/S Equity Directional strategies suffered the most this week from their long exposures to equities, said Lyxor in its weekly brief. Hedge fund performance improved over 2019, but investors are demanding more from hedge funds, revealed Preqin Investor Outlook: Alternative Assets, H1 2020. In new launches, New York-based growth-focused private equity firm Bregal Sagemount has ...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, March 07, 2020
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