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 & Webinars

  1. Eurizon AM – Webinar – RMB Bonds

    June 9 @ 15:00 - 15:30
  2. Eurizon AM – Webinar – Green Bonds

    June 18 @ 10:00 - 10:45


Check out our events calendar, with a lot of interesting #webinars! https://opiniopro.com/events/ #research #HomeOffice

Deze 2 boeken gaan over de trend van #asset naar #access, ofwel #Subscriptioneconomy. En welke #aandelen en sectoren zijn dan het meest kansrijk?

Dinsdag 9 juni het #webinar: "Subscription Economy: the road to resiliency post-Covid-19" met @NatixisIM -> https://www.crowdcast.io/e/alpharesearch-09062020/

Today we are used to seeing #subscriptions popping up on our bank statements. Only a few years ago, the statement would list only telephone and television subscriptions, but now... Join our webinar on #subscriptioneconomy - June 9th - https://www.crowdcast.io/e/alpharesearch-09062020

Volgende week dinsdag 9 juni om 11:00 bespreken we "#Subscription Economy", samen met Nolan Hoffmeyer, CFA, (Partner, Senior Portfolio Manager) Thematics Asset Management.
Meld je aan via: https://www.alpharesearch.nl/event/subscription-economy-the-road-to-resiliency-post-covid-19/

Check out our events calendar, with a lot of interesting #webinars! https://opiniopro.com/events/ #research #HomeOffice

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July 2018