January 2020

Looking across managers that more than $100mn under management, we observe that most of them seem to have had a good 2019, with the average… Read More »Performance for Managers above $100mn

Our three daily indices are now available for download as a CSV file. These performance barometers tracks performance for CTA/Managed Futures, Equity Hedged and Equity… Read More »Daily Indices – Now Available for Download

The NilssonReport is updated. We show performance and basic analytics across manager, more more than 1000 managers.

While not all managers have reported final returns for 2019, the list below is a preliminary hit-parade of the best and worst performing managers (subject… Read More »Top 10/Bottom 10 for 2019

Based on preliminary data, we have compiled the list below. Most of the managers are relatively small and traded with aggressive leverage. The noteworthy example… Read More »Top 10/Bottom 10 Hedge Funds for December

The Database contains 1540 different managers, representing 2793 different investment strategies.For the current reporting month, 865 managers have reported returns. For the prior month, we… Read More »Database Updated

The Database contains 1540 different managers, representing 2794 different investment strategies. For the current reporting month, 750 managers have reported returns. For the prior month,… Read More »Database Updated

As per the start of the year, we have launched two new indices with a focus on equity strategies. The first is a traditional Long/Short… Read More »Launch of two new daily indices

Halfway through the month, a majority of the CTAs have reported numbers for December. It seems as if CTAs will end up the year slightly… Read More »CTA: Year-End Index Results & Man vs Machine Results

The NilssonReport is updated with performance data for December. We note that returns are displayed as Excess returns and that the report has expanded coverage… Read More »NilssonReport Updated

The top and bottom hedge funds for 2019 was largely dominated by Cryptotraders, with a few exceptions. We note that the “Martin Fund” came screaming… Read More »Top / Bottom Hedge Funds for 2019

With more than 2/3rds of the managers reporting, we can see that there was some dispersion amongst the performance outliers. Crypto did generally poorly while… Read More »Top / Worst 10 Manager for December

As part of a larger dataset derived from CTA registration with the NFA, we track the birth and death rate of CTAs. Despite a relatively… Read More »The act of the disappearing CTA

The Database contains 1540 different managers, representing 2794 different investment strategies.For the current reporting month, 670 managers have reported returns. For the prior month, we… Read More »Database Updated

Based on large sample of US Liquid Alternatives, we calculate the correlation structure over the last three year. In this set, we have 160 daily… Read More »Daily Liquid Hedge Fund Correlation Structure

As part of our regular coverage of new and closed managers, the December report is now available. NilssonHedge maintains a weekly mailing for interested parties… Read More »New and Old CTAs

Based on the data that we collect, we have an indication of what worked and what didn’t work last month. The average return was -1%… Read More »Early Returns from CTAs

Based on our daily performance indicator, December was a difficult month for CTAs, recording a down month of 1.7%, bringing year-to-date returns to a modest,… Read More »Early Performance Indication