Pivotal Point of View
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Pivotal Point of View – April 2020
Hedge funds were up across the board in April, though less than broad market indices. YTD, hedge funds continue to outpace equity markets, with the PivotalPath Hedge Fund Composite returning -4.3% while the S&P is down more than twice that, returning -9.9% through month end.
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Pivotal Point of View – March 2020
March was a volatile month due to the coronavirus pandemic and oil price war. All things considered, hedge funds held up relatively well in this environment, with many faring better than broad market indices
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Pivotal Point of View – February 2020
In the face of the worst month for global markets in almost ten years, hedge fund performance held up relatively well in February. Additionally, all strategies generated positive alpha for the fourth consecutive month.
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Questions Every Allocator Should Ask a Manager about ESG
While ESG is a popular topic for discussion, there is not a lot of agreement when it comes to investment standards. We highlight some questions investors should be asking hedge fund managers to get beyond the buzzwords and into the details.
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Pivotal Point of View – January 2020
The PivotalPath Hedge Fund Composite Index started the year up slightly, returning +0.3% in January. Across the fund universe, there was fairly wide dispersion between top and bottom performers for the month, with 1st quartile managers up +4.0% and 4th quartile managers down -4.0%, on average.
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Pivotal Point of View – December 2019
The PivotalPath Hedge Fund Composite Index finished 2019 up 8.8%. Equity Sector (+15.6%) and Equity Diversified (+12.7%) led the way, while Credit (+4.1%) trailed the pack. In addition to generating the best performance in 5 years, all strategies generated significant alpha in 2019.
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Hedge Fund Launches & Liquidations – A More Accurate Picture
When it comes to hedge fund launches and closures, the right questions and the right data can tell a very different story.
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Pivotal Point of View – November 2019
In November, hedge funds were up across most strategies. Two indices in particular, Equity Diversified (+11.0%) and Equity Sector (+13.0%), crossed into double-digit returns for the year.
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Lack of Liquidity in Japan
A lack of liquidity lurks beneath the bullish case for investing in Japan. The question is, is this liquidity crunch temporary or structural?
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Singapore: The Next Hedge Fund Hub of Asia?
On a recent research trip, we learned firsthand how the 2019 Hong Kong protests could shape Singapore’s future as the next financial hub of Asia.
