Man FRM

With merger spreads and credit spreads widening we see positive opportunities across the hedge fund landscape; we have upgraded our outlook on Merger Arbitrage and Distressed.

While investors must continue to wait and see what kind of ‘landing’ the global economy faces in the second half of the year, the enthusiasm for playing the burgeoning AI narrative is understandable.

Ignoring low-probability, high-impact events – such as the US debt ceiling – isn’t a risk-management strategy.

It’s as if we are sitting at a crossroads of possible economic paths, and our usual maps and compasses are malfunctioning.

Navigating narrative rotations is the challenge ahead; we have upgraded our outlook on Credit Long/Short strategies and downgraded Macro Quantitative.

Hedge funds must balance the risks and opportunities created by the prevailing uncertainty.

Hedge funds were caught in a game of cat-and-mouse with February inflation data.

It has been a very odd start to the year.  With the MSCI World touching levels not seen since pre-Jackson Hole in August, market strategists have been left scratching their heads.

For the first quarter, we continue to look to quantitative strategies for diversification, liquidity and risk management.

It’s a wonderful life? It wasn’t for crypto holders in 2022.

The only real surprise for December was that a year which has seen such persistently high volatility across all asset classes finished with something of a whimper.

After an extremely strong year, why did momentum give back some of its gains in November, and what lessons can asset allocators take?