We have too few observations for April 2023 to report anything of value in comparison to our prior ‘Flash Report‘, although it seems like CTAs… Read More »Tracking the Growth of the NilssonHedge Database
April was a volatile month with negative equity markets, JPY depreciation, and mixed risk behaviors. A strike on Israel had a muted impact. Post-Israeli response, markets calmed and equities partially recovered. CTAs benefited from JPY depreciation, while inflation rose, reducing odds of a FED decrease. Trend followers profited in most sectors except equity. NilssonHedge anticipates interesting developments.
In the first quarter of 2024, Hedge Funds achieved strong results driven by the equity market and commodities like Cocoa and Gold. Most rankings favored the upside, with winning funds outperforming losing ones. The post provides detailed rankings for CTAs, Market Neutral funds, Equity Long/Short, Event-Driven, Fixed Income, Risk Premia, and Crypto Strategies.
CTA strategies continues to do well, putting up strong numbers in Q1 2024. Our index looks to be up 4.6% for Q1and the index is… Read More »State of the CTA Universe
The first quarter of 2024 showed solid performance for liquid alternatives. CTAs led with a 7.1% quarterly result, driven by equity longs and Cocoa’s breakout. Crypto managers had a stellar quarter, especially with the rise of Bitcoin ETFs. Equity long/short strategies benefited from strong equity market trends, while Market Neutral strategies remained consistently stable. Event Driven strategies showed a small pickup in activity.
The Global Investment Report’s Top 50 hedge funds survey, now in its 20th edition, is highly regarded in the industry and tracks subsequent fund performance, discussing evolving macro and industry trends. The 2023 survey reveals a divergence in fund performance due to cautious stances, misunderstood market conditions, and unforeseen macroeconomic factors. While some well-known funds faltered, there were standout performers, emphasizing the importance of historical performance in hedge fund investment decisions. Despite various challenges, the survey consistently highlights hedge funds’ ability to deliver strong returns with limited market correlation.
The past year has shown stability in most hedge fund strategies, with Crypto Strategies being the exception. Risk Premia and Equity Long Short strategies performed well, while CTAs struggled with correlation to other strategies and markets. Discretionary Macro and Systematic Commodity managers faced challenges, while Equity and Option strategies excelled due to low volatility.
One of the more recent innovations in the CTA universe is that trend following strategies can be accessed through the ETF format. These securities typically… Read More »CTA – Market Selection
February was a strong month for most liquid alternatives: For CTAs, long position in equities drove profits and the difficult to trade Cocoa added substantial… Read More »Flash Report – Feb 2024
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