Hedge funds keep their footing in a tumultuous year; strong performance in debt-focused funds, led by distressed credit: Jon Caplis, PivotalPath


“Hedge funds overall have navigated 2021’s high profile market events including the collapse of Archegos Capital, meme stock short squeezes and yield curve uncertainties fairly well, Jon Caplis, chief executive of hedge fund data provider PivotalPath, told the Reuters Global Markets Forum on Tuesday, November 9. “This shows that individual strategies and funds are generating unique return streams and not relying solely on equity market performance or other macro factors to generate returns,” Caplis said. Despite some “wrong way” bets on the U.S. Treasury yield curve amid uncertainties over inflation and Federal Reserve policy, PivotalPath’s index tracking credit-focused fund strategies indicates a return of 10.5% for such funds in the year-to-date, led by distressed credit strategies which are up 16.4% for the year.

For the full Q&A conversation with Jon Caplis, click below.


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