Tue, Jul 5, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Opalesque Roundup: Macro hedge funds emerge as the standout winners in January: hedge fund news, week 05

Saturday, February 05, 2022

In the week ending February 4th 2022, a report stated that finally, when the going got tough, macro managers showed up in January - emerging as the standout winners in a month beset by turbulence across both Treasury and equity markets.

In fact, 2021 was a solid year for global macro strategies. According to recent data from HFR, total capital invested in macro strategies rose over $33 billion in 2021 to end the year at $637.1 billion of assets under management. Macro funds also experienced net inflows for 2021, with investors allocating an estimated $3.1 billion of new capital during the year.

Stock-picking hedge funds ended a volatile January with losses after markets went on a roller-coaster ride on geopolitical turmoil and the prospect of rising interest rates. Stock markets' selloff in January dealt double-digit losses to a range of hedge funds investing in technology and other fast-growing companies, sparking questions about whether a popular and lucrative strategy for these firms is running out of steam.

In performance news, Ken Griffin's Citadel has emerged as one of the biggest hedge fund winners from January's financial market turmoil - the firm, which manages $43bn in assets as one of the industry's largest players, gained 4.7 per cent last month in its flagship fund; Steve Cohen's Point72 Asset Management lost money in January, making it an outlier as several multistrategy hedge funds posted gains during a volatile start of the year for stocks - Point72 fell 1.3% last month, while Chase Coleman's Tiger Global, which managed $100 billion across public and private markets at year-end, logged a 14.8% decline for its hedge fund, and Gabe Plotkin's $11.7 billion Melvin Capital slumped 15%, according to people familiar with the matter.

In the meantime, Discovery Capital Management gained 4% in Januar......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  2. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  3. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  4. Other Voices: The selloff is overdone[more]

    Authored by Heeten Doshi, founder of Doshi Capital Management. Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq 100 down 22% and S&P 500 down 13% for the year

  5. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve