Feature/Strategy
Mortgage hedge funds refine focus after bumper 2012
Finer focus needed
Natural gas market tempts hedge funds
Filling up
Hedge fund Everest Capital heads for the frontier
Inefficient frontiers
CTAs eye swap futures
Future of managed futures
Myriad factors impact major currency pairs, says Gallo
Clashing currencies
Hedge funds split on outlook for junk bonds
Split on junk
Advent Capital debunks convertible arbitrage myths
Myths and reality
Spectre of tail risk haunts hedge fund investment decisions
Chasing the tail
CTAs are an inexpensive and effective tail hedge, says AHL
Momentous times
Hedge funds expect abundant growth opportunities in sub-Saharan Africa
Promise of growth
Hedge fund managers show skill in finding value throughout 2012
Skill in finding value
Hedge funds see opportunities in shadow of Basel III
Contrasting capital considerations
Hedge funds struggle with financialisation of commodity markets
Changing fundamental drivers
Managed futures/CTAs gaining traction with investors
Research on how investors are protecting themselves from tail risk events shows a preference for managed futures/CTAs. There is also reluctance to use single hedge fund strategies as protection.
Orphan bonds could be source of absolute value
Value can be found in bonds despite central bank interventions that are impacting spreads. Absolute value is hard to fund with the exception of orphan bonds, says GAM fixed income expert Haywood.
Global macro hedge funds more correlated as drawdown control becomes priority
Changing of the guard