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by winston » Thu Jun 16, 2022 10:28 am
Hedge funds tracked by Goldman Sachs Group Inc. offloaded US equities for a seventh straight day Monday, with the dollar amount of selling over the last two sessions exploding to levels not seen since the firm’s prime broker began tracking the data in April 2008.
by behappyalways » Thu Jun 16, 2022 9:14 pm
by winston » Thu Aug 25, 2022 7:05 am
Investors yanked a net US$7.8 billion out of hedge funds in the second quarter.
Global hedge funds that bet on equity markets suffered the biggest withdrawals, losing US$6.4 billion of the net outflows,
Since 2021, money has shifted towards private equity and private debt.
by winston » Thu Jan 05, 2023 7:57 am
Preparing this year for persistent inflation.
Commodities are undervalued and should thrive as global inflation stays elevated in 2023.
Their other top picks included inflation-linked bonds to shield against price rises and selective exposure to corporate credit, as higher interest rates restore some differentiation in company bond spreads.
High on their list of assets to avoid or short-sell are equities.
"We are negative on Taiwan generally, which is more exposed to global growth".
Fed funds futures are priced for US rates to peak at 5% in 2023 and drop to 3.5% by mid-2024, which implies the market expects inflation to cool considerably over the course of the year. Tropin believes this is too optimistic: while it takes longer for inflation to calm, the economy will slow.
by behappyalways » Fri Jan 13, 2023 4:50 pm
by winston » Sun Jan 22, 2023 10:07 am
Investors rethought putting their money into hedge funds, leading to a net outflow of US$55 billion in assets, making it the largest capital flight from the industry since 2016.
Institutional players yanked US$15 billion from these funds.
The only kind of hedge fund strategy that saw an increase of investor money was the US$4.3 billion that flew into event-driven mergers and acquisition and credit funds.
The size of the hedge fund industry grew in the fourth quarter to US$3.83 trillion, a quarterly increase of US$44 billion.
by winston » Tue Aug 01, 2023 6:47 pm
Pro managers who make both bullish and bearish equity wagers, last week slashed positions on both sides of their book, also known as de-grossing,
Their de-grossing activity for the week was the largest this year.
At Goldman Sachs Group Inc., fund clients pared positions in 12 of the past 14 sessions.
A 5% daily drop in the S&P 500 could lead to $180 billion of share disposal in the following week.
by winston » Fri Aug 11, 2023 12:01 pm
China’s 6 trillion yuan (RM3.81 trillion) hedge fund industry is bracing for a historic shakeup that will likely cause thousands of smaller managers to shut and impose stricter regulations on larger peers that have become a growing force in local markets.
Impose a 10 million yuan asset minimum on Chinese hedge funds, a threshold that is expected to force the liquidation of more than a third of the existing products.
The rules will also cap leverage levels and the size of investments hedge funds can make in single securities.
Almost 35,000 products, or about 37% of all existing hedge funds, were smaller than even half of the 10 million yuan minimum asset requirement.
Unlike in the US where the largest 500 hedge funds manage about 57% of industry assets, the market in China is more concentrated, with the top 500 firms holding about 84% of assets,
by winston » Mon Aug 14, 2023 6:07 pm
The number of active China-focused hedge funds has slipped for the first time since at least 2012, with only five new funds launched this year as of June. Another 18 funds were liquidated.
Beijing’s crackdowns on private companies in industries including after-school tutoring and e-commerce, along with growing geopolitical tensions with the US, have led to weak returns since then and sapped global investors’ appetite for China assets.
More than two-thirds of China-focused hedge funds lost money in 2022, while 36% were down a fifth or more. In the first half of this year, 62% of China funds failed to make money.
by winston » Thu Nov 23, 2023 11:23 am
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