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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge funds outperform global equity market in October: hedge fund news, week 47

Saturday, November 21, 2020

In the week ending November 20th 2020, Eurekahedge reported that global hedge funds were down 0.05% in October, outperforming the global equity market by 2.24% for the second consecutive month. In year-to-date terms, the Eurekahedge Hedge Fund Index was up 3.25%, compared to -3.29% of the MSCI ACWI, with around 70% of the constituents of global hedge funds outperforming the global equity market in 2020.

The pandemic has also fundamentally changed how fund managers raise assets, however most flows go to the large, brand name managers. Don Steinbrugge from Agecroft Partners, Benjamin Ball from Benjamin Ball & Associates and Paul Das from ProFundCom are Matthias Knab's guest speakers at a new two part webinar series designed to empower smaller and mid sized firms compete in what has become now a digital competition for attention and for assets: "Eight Ways Investment Managers Should Be Using Digital Marketing Right Now". More information, registration: https://www.opalesque.com/workshop

According to Preqin data, hedge funds bounced back from September's losses in October (+0.34%), pushing the YTD return to +5.39%. By comparison, public equities lost over the month for the MSCI ACWI (-2.43%) and the S&P 500 (-2.77%), said a report by Preqin.

Meanwhile, a report by Lyxor said that, already positioned for the outcome, all strategies were up after the U.S. elections, led by L/S Equity, Special Situation, and Glob......................

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