Alternative investment strategies have historically been used only by the most sophisticated market participants, such as institutional investors and hedge funds. Liquid alternative strategies however could give market participants better access to alternative investments.
As 2022 lumbers on, investors are looking for ways to protect their assets from rising levels of inflation. With volatility in equity markets and continually low yields in fixed income markets, many investors are unsure about how best to invest their funds.
The recovery from the worst of the global coronavirus…
Managed futures (CTA) strategies tend to perform well when traditional 60/40 portfolios do especially poorly, like during recessions and periods of unexpectedly high inflation. Given the current macroeconomic outlook, CTAs may provide a measure of portfolio protection and can be thought of as a possible inflation hedge.
Alternative investments are attracting ever more investors. According to the Chartered Alternative Investment Analyst (CAIA) Association, between 2003 and 2018, the size of the global investment market doubled, while alternative investments almost tripled to $13.4 trillion. This would mean around 12% of worldwide investments…
How should investors select the most suitable types of hedge funds for specific roles? Members of our Investment Strategy & Solutions Group offer a simple and intuitive framework that can help.
Aurum's 2023 hedge fund industry deep dive is now available, providing insights and analysis on industry performance, dispersion, asset flows and fees. Five-year asset-weighted net performance (CAR) for hedge funds now stands at 6.5%, comfortably outperforming bonds (-0.4%) but underperforming equities (+9.4%) from a total…
We are entering an unusual period for global economic policy, with predictions of multiple rate cuts despite none of the usual reasons for looser monetary policy.
Firms that allocate assets are, for a second year in a row, more interested in hedge funds that invest in credit than in any other hedge fund strategy.
Pension funds rely on interest rate swaps to hedge the interest rate risk arising from their liabilities. Analyzing unique data on Dutch pension funds, we show that this hedging behavior exposes pension funds to liquidity risk due to margin calls, which can be as large as 15% of their total assets. Our analysis uncovers…
Towards the middle of last year, our expectations for US growth grew more optimistic. We maintain a similar sentiment heading into 2024 as we believe that termed-out household and corporate debt, rising real wages, and easing financial conditions should continue to support spending, making recession a low probability event…
Wilshire's Alternatives 2024 Outlook updates readers on the future prospects for private equity, private real assets, venture capital, infrastructure, private credit, and hedge funds across the U.S., Europe, and Asia Pacific.
This edition marks the eleventh edition of our 50 Leading Women in Hedge Funds report and is published in association with EY for the tenth time. Seven firms are featuring for the first time: alternative credit manager, 400 Capital Management; managed futures multi-manager, Abbey Capital; illiquid alternatives specialist,…
The hedge fund industry was down 2.4% in 2022. Global equities and global bonds have fallen 20.0% and 16.7% respectively. It has been an extremely challenging year from both a markets and geopolitical perspective. If one were to sum up 2022 in two words, they could be: ‘extreme moves’. Five-year performance for hedge funds…
The data appearing in this compensation report were collected by comparing invoiced placements made by JW Michaels in 2021. U.S. hedge funds, asset management and private equity roles are covered.
This presentation by Johnson Associates discusses compensation trends in U.S. asset management, hedge funds and private equity, and the actions financial services firms might take against a backdrop of Coronavirus and systemic industry pressures.
This compendium publication summarizes the offerings from the CFA Institute Research Foundation over the past year—books, literature reviews, workshop presentations, and other relevant material.
Over the long term, Hedge Funds (HF) have captured more market upside than downside and heading into 2024, investor sentiment appears positive. Our Capital Solutions team surveyed 300+ investors representing $7.5 trillion in assets under management (AUM), to determine their plans for this year. We share three key takeaways…
Factor risk models can help hedge fund managers understand risk factors and exposures and can be an important part of their toolset. This is why we provide clients both statistical and fundamental risk models as a standard package, enhancing the potential for signal and alpha generation.