Improving economic data and progress in trade talks created favorable conditions for most hedge fund managers across strategies in November. Higher beta funds should continue to outperform, assuming the market rally holds through year end.
The PivotalPath Research team traveled to Singapore in November. From conversations with managers and allocators, two main insights emerged: Singapore may be poised to replace Hong Kong as the financial hub of Asia, and illiquidity could play a detrimental role to the bullish case for Japanese markets. Stay tuned for our report on both insights later this week!
Throughout 2019, Managed Futures has often topped both our performance and alpha charts. However, historically, manager dispersion is significantly higher for Managed Futures than other strategy groups. PivotalPath systematically monitors this data across the hedge fund universe with our proprietary Dispersion Indicator at both the Composite and sub-strategy level. For allocators doing work in this space, manager selection plays an even more important role relative to other strategies.
For access to performance data, our proprietary alpha rankings and additional commentary, please download the full report.