European funds bounce back

Fund of hedge fund managers are positive about global macro and have increased weightings in European long/short hedge funds, according to the latest monthly survey of fund of hedge fund managers by Hedge Funds Review.

There are mixed views on investment in Japan long/short funds and distressed debt, while US and UK long/short funds are seen as increasingly poor across the board.

Managers are also generally negative about fixed income high-yield, managed futures/CTAs and convertible arbitrage