Pivotal Point of View
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Pivotal Point of View – April 2025
Tariffs caused markets to tumble, managers sold off at the most accelerated rate in over a decade, and adjusted for new economic conditions by cutting gross and net leverage.
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Pivotal Point of View – March 2025
Tariffs unnerved markets, managers took a bearish tilt, while allocators maintained their strong interest in fresh hedge fund investments.
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Pivotal Point of View – February 2025
January’s DeepSeek and US tariff broadsides were largely dodged by managers over a rollercoaster month. The PivotalPath Hedge Fund Composite Index ended January up 1.5%, while the rest of our main indices also generated positive returns.
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Pivotal Point of View – January 2025
Hedge funds rode December’s volatility well, with the PivotalPath Hedge Fund Composite Index up 0.3% across the month.
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Pivotal Point of View – December 2024
Hedge funds enjoyed a positive November, following October’s flat month, with the PivotalPath Hedge Fund Composite Index up 2.1%.
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Pivotal Point of View – November 2024
Despite October’s volatility, hedge funds did a credible job of besting the wider markets over a challenging month, with the PivotalPath Hedge Fund Composite Index flat at 0.1%.
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Pivotal Point of View – October 2024
Hedge funds continue to deliver. Since January 2020, the PivotalPath Composite Index has annualized returns of 7.8%, with a Sharpe Ratio of 1.64, while most importantly, generating alpha of ~6.4% per annum (with a beta of only 0.12).
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Pivotal Point of View – September 2024
Every month, on behalf of over $340B in client hedge fund capital, PivotalPath tracks over 2,800 institutionally-relevant hedge funds, spanning >$3T of industry assets. Our monthly report contextualizes these data points and identifies trends to help gain unique insight into the hedge fund industry. 2024 Hedge Fund Performance Strategy Highlights: Equity indices continues to make […]
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Pivotal Point of View – August 2024
Every month, on behalf of over $300B in client hedge fund capital, PivotalPath tracks over 2,800 institutionally-relevant hedge funds, spanning >$3T of industry assets. Our monthly report contextualizes these data points and identifies trends to help gain unique insight into the hedge fund industry. 2024 Hedge Fund Performance Strategy Highlights: Equity Indices continue to make […]
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Pivotal Point of View – July 2024
Every month, on behalf of over $300B in client hedge fund capital, PivotalPath tracks over 2,800 institutionally-relevant hedge funds, spanning >$3T of industry assets. Our monthly report contextualizes these data points and identifies trends to help gain unique insight into the hedge fund industry. 2024 Hedge Fund Performance Strategy Highlights: Equity Quant’s consistency continues to […]
