https://www.next-finance.net/en
Alternative Investment

Highlights

April 26

Strategy The index revolution (finally) comes to hedge funds

One common knock on factor models is that they “replicate only beta” – not the pure alpha gold that allocators seek. This critique pre-dates the appreciation of factor rotations. Outside of some ivory tower statistics class, no one questions the “alpha” generated by, for (...)

Opinion

Are L/S Equity managers concerned by the covid resurgence?

Interview

Xavier Morin: "In 2021, we are seeing a real resurgence of interest in our strategies that are weakly correlated to the equity market"

Archives

Latest articles

Popular articles

November 2021

Opinion Bond Pain trade for global macro

Gyrations in U.S. rates were highly challenging to navigate. Bond volatility surged in October as the Fed prepared to withdraw monetary accommodation and as investors struggled to assess the medium-term path of (...)

October 2021

Strategy How are hedge funds positioning after the market correction?

L/S Equity managers have decently navigated these markets, generating small positive alpha (especially on their short positions) but their implicit stance is diverging across regions. U.S. managers detracted only marginal alpha. They maintained their modest overall exposures (...)

August 2021

Strategy L/S China through regulatory and business upheaval

Trading conditions in China have severely deteriorated. After reaching their peak by mid-February, stocks lost earlier gains in March, on evidence of a plateauing economy and as stretched investors’ positioning unwounded. Chinese markets were then stuck in a volatile trading (...)

June 2021

Strategy Mega Mergers to keep fueling Risk Arbitrage

With risk assets back to record highs, markets are currently looking for the next catalyst that would push equities higher. But with the Fed potentially signaling a looming reduction in asset purchases at the next FOMC meeting on June 16, it seems wise to remove some risk (...)

May 2021

Strategy CTAs add value in the new correlation regime

With bond yields facing upward pressures as the global economy heats up, finding diversification across traditional asset classes has been increasingly difficult. Equity valuations, which were propelled by low interest rates in the past decade, are vulnerable in the face of (...)

May 2021

Strategy Are L/S Equity Managers playing the European Recovery?

Economic prospects in Europe are noticeably improving. The new wave of virus infections since late fall 2020 led to tighter mobility restrictions, which delayed the European recovery. High frequency indicators suggest economic activity was down around 20% from normal over (...)

April 2021

Strategy Value, Momentum and the Outlook for Market Neutral L/S

Momentum stocks experienced a correction since Pfizer announced their Covid-19 vaccine results early November. Performance has nonetheless stabilized over the course of March, as the rebound in Value stocks has been persistent and started to be shown in the Momentum risk (...)

March 2021

Strategy CTAs Rally despite dreadful momentum in Equity Markets

With investors questioning the sustainability of equity valuations in a context of rising bonds yields, a Momentum reversal in equities is taking shape. Defensive sectors, and more recently Technology stocks, faced downward pressures while Financials and Energy (...)

February 2021

Strategy Market neutral l/sto remain under pressure

In recent months, Market Neutral L/S strategies underperformed other hedge fund strategies, in a context where risk assets rallied following the Pfizer vaccine announcement in November 2020. While the strategy is not designed to capture the equity market beta, the alpha (...)

February 2021

News Global macro strategies play safe with U.S. Inflation hedges

In the space of alternatives, Global Macro strategies have embraced reflation trades in the past quarter, scaling up positions on EM FX, equities, commodities and inflation linked bonds at varying degrees.

February 2021

News 2021 Alpha outlook in Japan

We see the alpha environment in Japan improving in 2021. First, we expect a more supportive macro backdrop, setting the stage for a wider set of investment themes. Japan’s second wave of Covid-19 has peaked and its impact on activity looks manageable so far and will likely (...)

February 2021

Strategy How do L/S Equity Hedge Funds position on the recovery?

The consensus now expects a supportive 2021 backdrop for risky assets. With vaccines rolling out and continued reflation policies, the normalization of the world economy would accelerate, amid lower geopolitical uncertainties, still ample global (...)

January 2021

News Hedge funds increasingly active in bitcoin

While the bitcoin bull run in 2017 was largely driven by retail investors, the 2020 surge appeared to be driven by a wider set of investors, including institutionals.

January 2021

News Alternative strategies for a democratic U.S. Congress

December 2020

Strategy The EM FX carry trade is back

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |> |...

Latest articles

Popular articles

Logo

Note Are markets becoming more unstable?

Readers of financial news may believe that ‘market corrections’, or ‘shocks’, or ‘five-sigma events’ are more common than they used to be. Winton Capital Management look at the historical data for a number of financial markets and find that there is no evidence for increasing (...)

Logo

Strategy An example of Quantitative Strategy: The Low Volatility approach

Low volatility indices and, more broadly, products based on quantitative strategies aiming to select only low-volatility stocks, have met with growing success with the financial community and investors. However, most of these indices have major drawbacks that cannot always (...)

Logo

Pedagogy Performance fee impact

These fees are far from being insignificant for investor returns. According to Duncan Wilkinson, CEO of Alpha Simplex, more and more hedge fund managers, especially in the United States, have decided to offer products without any performance fees; a trend that should (...)

Logo

News The market for catastrophe bonds (« Cat bonds ») remains dynamic!

Over the 12 months, the market for Cat bonds - bonds issued by securitization structure to refinance insurance risks related to natural disaster - remains dynamic, both in terms of volume and performance...

Logo

Strategy How do L/S Equity Hedge Funds position on the recovery?

The consensus now expects a supportive 2021 backdrop for risky assets. With vaccines rolling out and continued reflation policies, the normalization of the world economy would accelerate, amid lower geopolitical uncertainties, still ample global (...)

Logo

Innovation CNP Assurances introduces private equity

CNP Assurances ranks among the top 50 global private equity institutional investors. Starting in September 2016, the Group’s high net worth customers will be able to benefit from the longterm performance potential of private equity class and ensure the liquidity of their (...)

Logo

Opinion A Dovish FOMC was Dovish for Hedge Funds

A more dovish FOMC than expected on March 16 offered the equity rally another leg up. The Fed shaved off its growth and inflation forecasts and its median dot was revised two notches down. Bond yields weakened and the downward pressure on the dollar further supported oil (...)

Logo

Interview Jean Louis Monnier : « There is a very practical demonstration of the decorrelation of the ILS market »

According to Jean Louis Monnier, head of European ILS at Swiss Re, direct investment in Insurance Linked Securities is a market reserved to qualified institutional investors which manage a minimum of 100 million dollars and which have the ability to evaluate the risk (...)

Logo

Interview Farzine Fazel : « The main participants in high frequency trading are specialized boutiques or hedge funds »

According to Farzine Fazel and Mohamed Radjabou, high frequency trading is the new materialization of innovation in market finance. It creates breakthroughs but risk as well...

Logo

News Resilient Hedge Funds amid Political and Geopolitical Stress

The accumulation of (geo)political risks sent markets on the haven side. Ten days before the first French election round, the outcome remains ever more uncertain. The advance in polls of the two lead contenders is eroding. Meanwhile, the resilience of the center-right and (...)

Logo

Innovation BlueHive Capital announced the successful launch of its first fund: BlueHive Opportunities – Global Alpha.

Founded in 2013, BlueHive Capital is a Paris-based Alternative Asset Manager. The company was launched by the former Natixis CIB’s Global Alpha team, headed by Sebastien Boucher.

Logo

Strategy Re-weighting carry strategies

In a context where monetary conditions are more accommodative and sovereign bond yields are back to low levels, it seems appropriate to re-weight carry strategies such as EM-focused Global Macro and L/S Credit.

Logo

Strategy Managed futures strategies

This type of strategy is based on a simple idea: try to take advantage of an exposure on futures contracts («Futures») with the underlying being a financial instruments or a commodity ...

Logo

News Top 20 largest hedge funds

According to Bloomberg, the $69 billion Man Group tops the list of the largest hedge funds, an industry that is selectively recovering.

Logo

Note Strengths and weaknesses of France as an alternative management financial centre

According to a study conducted by Reinhold & Partners, despite recognised human and technical resources, French alternative asset management, for reasons specific to the French market, and because it is suffering from a lack of image, has not developed as (...)

Focus

Interview Baptiste Buisson : « We consider increasing the size of this type of investment (Absolute Performance UCITS) in the coming quarters »

According to Baptiste Buisson, Deputy Director at Aviva France, Investing in this type of support like Alternative Risk Premia allows players like Aviva France to diversify our investments.

Advanced search

© Next Finance 2006 - 2022 - All rights reserved