Money is moving toward distressed asset and debt funds at the expense of arbitrage-based strategies, according to hedge fund allocators, although long/short funds are still absorbing about 40% of invested capital.
One London-based family office allocator, who declined to be named, says investors have been adding to distressed and emerging markets strategies, at the expense of merger arbitrage.
'Investors are looking for absolute returns and returns have been so compressed they are looking for
- Brexit novations ‘on hold’ to gain reg relief
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Mifid data publishers drag feet on Esma guidelines
- Sefs, Libor fallbacks and risk governance in Asia
- Banks hope final FRTB rules will ease NMRF burden