Man FRM

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?

Hedge funds had a mixed month in November, with losses to momentum strategies but positive returns to longer-biased exposures.

October was a mixed month for hedge funds, with positive returns in equity and credit funds, but negative returns in macro strategies.

With markets both volatile and fragile, we are focusing on risk managing our portfolios and identifying risks in our invested managers.

Hedge fund managers had a mixed month in September, although in general the industry did well to protect capital.

Expectations around responsible investing are rising across the investment industry, but there remains little consensus on definitions and applications. We attempt to bring some structure to this debate as it applies to equity hedge funds.

Hedge fund managers enjoyed positive returns in August, during a volatile month in markets.

Risk-on behaviour across markets saw hedge funds post positive returns during July, with a range of results across strategies.

As we expect markets to remain challenged through the second half of the year, we remain cautious on directional risks but confident on our favoured strategies.