L/Sequity Half-Year Review

By July 31, 2018 05:08

L/Sequity Half-Year Review

The Weekly Brief

Coping With Political Uncertainties. This week, hedge fund returns were dragged by CTAs. Early signs of the Bank of Japan moving out of zero interest-rate policy hit their Japanese bonds and short JPY positions. Some Event-Driven strategies also suffered from idiosyncratic events, including the NXP vs. Qualcomm operation. While L/S Equity strategies steadily added alpha in 2017, the contribution has been more modest and more volatile in 2018 so far. It has also been more heterogeneous across regions. Peaking global growth concerns and an unusual stream of political wildcards overshadowed micro developments in most regions. It also kept managers focused on risk management. As a result, it has been more challenging to extract sustainable alpha out of stocks, rather driven by broader trends than by their fundamentals. Funds focusing on Japan, Asia, and EM markets particularly suffered. In contrast, U.S. managers benefitted from more sector directionality and corporate activity. European funds enjoyed a richer set of themes and more stock differentiation.

By July 31, 2018 05:08


Featured Events

  1. Equity investing for the long-term

    May 22 @ 13:00 - 17:00

Asset Allocation Consensus May


Join the presentations of Geoffrey Lebeau @NordeaAM, Andrew Harvie @CTinvest_EMEA and Luc Simoncini @kamescapital @aegonam on #longtermequities @AlphaResearchNL seminar tomorrow in NL https://t.co/n3kW4H3n5L and on Wednesday in BE https://t.co/PqeYInza5g

Op 21 mei is het 'Long-term Equities' seminar van Alpha Research. Een van de thema's is: 'New leaders'. Hier zal Luc Simoncini van Aegon Asset Management over spreken. Meld je hier aan: https://t.co/LhX3FIk1jl

Specialisten van Columbia Threadneedle Investments, Nordea Asset Management en Aegon Asset Management zullen spreken op het seminar van Alpha Research over 'Long-term Equities' op 21 mei in het Rosarium. Meld je hier aan: https://t.co/LhX3FIk1jl #equities

Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures -> https://t.co/Hbgo2dffML via @ecb #cryptocurrency #cryptoanalytics #bitcoin #blockchain #centralbank

Load More...

Search on date

July 2018
« Jun   Aug »