Stimulus Hopes Boosted Risky Bets

The impact of hope upon markets was spread unequally, but active bets of hedge funds proved mostly positive.

Beta First, Alpha Second

View Newsletter Emboldened by dramatic monetary and fiscal stimulus, global equities rebounded strongly in the second quarter on hopes of a V-shaped economic recovery. Despite lingering economic worries, the S&P 500’s 20.1% surge was the biggest quarterly gain since 1998, while MSCI Emerging Markets’ 18.1% jump was its largest since 2009. However, neither fully recovered […]

1Q20 Hedge Fund Update: Breaking Bad, Creating Good Opportunities

Although some hedge funds enjoyed net gains from their short positions and macro hedges, most suffered notable losses, primarily due to unrealized mark-to-market valuations