When focusing on the future, where do you look?
2019 Global Alternative Fund Survey The alternative asset management industry must pivot strategies to focus on the future and make real-time adjustments that control that path.
Terug naar de HomePage
Tag "alternatives"
Macro And Hedge Funds Q1 2020 Outlook
Soft manufacturing surveys are bottoming out, pointing to a turn in hard data. Monetary accommodation and less uncertainty on most trade fronts have been key contributors to this inflection, as well as front-loading ahead of the September tariffs. A modest
The Cta hangover Probably Came To An End
Managed Futures remains the best performing alternative strategy year-to-date, up 9.2% according to our estimates. But after a massive rally up to end-August, the hangover came with a sharp rise in bond yields in the past couple of months. The
Small,medium,large hf: how to choose?
Should alternative portfolios favor smaller, medium, or larger hedge funds? The choice might not be as obvious as before and may be more dependent on the stage of the business cycle. For many years, small hedge funds have steadily outperformed
Late cycle investing
Quarterly Investment Strategy Fourth Quarter 2019 We continue to recommend being cautious though not necessarily bearish. The global expansion is very mature and at the same time, global growth has slowed significantly compared to last year. Additionally, an elevated number
Why CTAs
Investors’ three main arguments for investing with CTAs are: Absolute Returns Since the turn of the millennium, CTAs (Société Générale CTA Index) have performed in line with global equities (MSCI World Total Return Gross) but at a significantly lower volatility. Diversification CTAs’ return stream stems from
US Fed takes a pill to sooth its ‘shrinking pains’
House View October 2019 A prominent topic in the last month (aside from the ECB’s aggressive new monetary stimulus) was the sudden cash crunch in the repo market, i.e., the market for very short-term, typically overnight, lending. On Monday, September 16,
Geopolitical clouds start to clear
In Short While some data misses continue, especially in manufacturing and in Europe, we believe that economic releases are pointing towards a stabilization in growth. Optimism is spreading that the worst may be behind us, thanks to improvements in the
What’s the BEST managed futures program?
Semi-Annual Futures Rankings What’s the BEST managed futures program? That’s a tricky one. Do you mean: Best last year? Best for all time? Best risk-adjusted return? Best in terms of lowest drawdowns? We can all see which programs logged the
Stock-Picking Alpha Q4 outlook
Active strategies’ relative performance in Q3 were slightly weaker than in Q2, though uneven across regions. Uncertainties soared early in Q3 with the breakup of the summer U.S.-China trade truce and bold British PM Johnson’s tactics. Later, signs of a
The need for alternative approaches
At Fidelity Multi Asset, we have been investing in alternatives for over a decade, and currently hold a wide range of alternative assets in our multi asset strategies. Our large Manager Research team includes dedicated alternatives analysts, focused on finding
Taking Stock of Farmland Cash Yields: a Comparative Analysis
Institutional investors seek to diversify their multi-asset portfolios by acquiring real assets such as farmland, timberland and commercial real estate. Farmland’s strong cash yield is a significant benefit that could provide stability in today’s environment of market volatility. Historical comparative
Alpha Research – Investment Meeting ‘Alternatives’
Op 8 oktober organiseert Alpha Research een Investment Meeting in Rosarium Amsterdam met het thema: Alternatives – Van het gebaande pad: de case voor alternatives in een negatieve renteomgeving. Waarom kunnen alternatives aantrekkelijk zijn in een omgeving van negatieve rentes? Loont het om van
CFA – Alternatieve beleggingen en excellent Risico Management
De commissie Risico Management organiseert de bijeenkomst: Alternatieve beleggingen en excellent Risico Management Alternatieve beleggingen zijn in veel gevallen een goede aanvulling op een beleggingsportefeuille bestaande uit beursgenoteerde stukken gezien het verwachte rendement en de mogelijkheid om het aanwezige risico in
Good Luck With Timing Ctas Favor Core Allocation
Timing CTAs is notoriously challenging. Monitoring their exposures provides a useful picture but has rarely been a reliable allocation method. They enjoyed an impressive rally this year, mainly supported by their long bond positions, which fueled high CTAs returns’ auto-correlations.
Survivorship Bias and the Walking Dead
Survivorship bias, the predisposition to evaluate a data set by focusing on the “survivors” rather than also examining the record of non-survivors, is important to understand for hedge fund peer groups, which tend to have a relatively large number of
In Harmony How hedge funds and investors continue to strike the right note in aligning their interests
The findings from this year’s survey are based not only on what is current practice between hedge funds and investors, but also potential future developments and how these could be best implemented. Below are the six key takeaways that emerged
Alternatives for uncorrelated income
Summer is usually a quiet period for markets, but 2019 has been an exception; the federal reserve (fed) cut rates, trade tensions with china escalated, global manufacturing activity continued to deteriorate and the 2-year/10-year u.s. Treasury curve inverted. Against this
Comparing liquid alternatives and hedge funds
Liquid alternatives (typically regulated by the Investment Company Act of 1940) and hedge funds (often lightly regulated legal structures) are public and private vehicles that investors use to access a variety of alternative investment strategies. To compare and contrast them,
Beyond diversification: a geographical focus on farmland and real estate
Real estate and farmland investments can be challenging to assess properly. But a focused effort combining a macro view of the world with localized assessment of individual assets and farms can help our clients create portfolios designed to meet their
Demystifying Illiquid Assets: Expected Returns for Private Equity
Executive Summary The growing interest in private equity means that allocators must carefully evaluate its risk and return. The challenge is that modeling private equity is not straightforward due to a lack of good quality data and artificially smooth returns.
Global Private Equity Report 2019
In this, Bain’s 10th-anniversary Global Private Equity Report, we look fearlessly at the industry’s strengths, its challenges and the evolutionary path that lies ahead. In addition to the critical statistics that characterize PE industry performance, you’ll find our assessment of
Preqin Markets In Focus: Alternative Assets In Europe
The scale of the European alternative assets industry itself is quite remarkable. Preqin Pro tracks over 6,300 alternative asset fund managers across Europe (and this figure covers only professional managers of thirdparty capital – i.e. it excludes the many investors
Monthly Commodity Insights
A more negative base view but still neutral on commodity prices We have downgraded our forecasts for global economic growth and we now expect a global monetary easing cycle to take shape, starting in US before too long. The changes
Stijgende CO2-prijzen: risico of kans?
In de afgelopen maanden is de prijs van CO2-emissierechten volgens de EUregeling voor handel in emissierechten (EU ETS) sterk gestegen, van € 5 tot € 25, nadat deze sinds de financiële crisis van 2008 (waarschijnlijk te) laag was. Vanwaar deze
Uitgelicht
Our conference #UBPInvestmentOutlook had a full house in London last week! Our experts shared their 2020 outlook for the global economy and more specifically for the UK. Thank you all for coming!
Zal zijn laatste woorden aan mij nooit vergeten. Over woorden gesproken: toen ik Volcker de eerste keer ontmoette, was zijn eerste vraag:"Hoe is het met Andre Szász?" Ik had 15 minuten met hem. Het werd 1,5 uur! Er was een klik. RIP
De Asset Allocatie Awards komen er weer aan! Nominaties komen deze week, winnaars op 4 februari 2020... Hier een sfeer inpressie van vorig jaar -> https://t.co/c36HWpyGVx
