•  
• Tweet
•  
•  
•         Track Keywords
•  
• 

In the week ending 5th November 2021, JPMorgan, in a new publication focused on the alternative investments industry, said that it sees a very specific type of hedge fund manager coming out on top. The report is recommending that investors protect against the threats of inflation and rising interest rates by piling into so-called discretionary macro managers, who make big bets across the globe tied to their public policy predictions. Not all hedge funds will do well, however. JPMorgan predicts tough times for credit-focused hedge funds, including so-called event driven strategies. It also sees private equity returns looking less attractive in the coming year because it's highly correlated to the stock market.

The Scotiabank Canadian Hedge Fund Index ended September 2021, up 0.30% MOM on an asset-weighted basis and down 0.45% MOM on an equal-weighted basis.

In performance news, Munich-based global macro fund - ART Global Macro reached its one year anniversary on a high note - the strategy, which was launched in August of last year is up 4.74% year to date through the end of September; Dan Loeb's Third Point Investors, a feeder fund into Third Point Offshore Fund, gained 4.7 percent in October and is now up 37.9 percent for the year, and Swedish hedge fund Gladiator, managed by Max Mitteregger had its worst ever monthly result in October, with a -29 percent performance. Year-to-date, Gladiator is down 50 percent.

Meanwhile, Sculptor Capital Management's flagship hedge fund recorded $42 million of outflows in the third quarter, even as the fund gained 7.4% through the first nine months of the year; Hedge fund Alphadyne Asset Management's bad year is getting worse in a hurry - the macro stra......................

To view our full article Click here