Press & Media
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Hedge funds miss out on US equities rally but suffer smaller losses in volatile two days
Global equities long/short hedge funds missed out on most of Wednesday’s massive rally in U.S. stocks, triggered by President Donald Trump’s pause on some tariffs for 90 days, but managed to limit their losses during Thursday’s sell-off. The funds were up 0.98% on April 9, while the S&P 500 (.SPX), opens new tab index soared 9.5%, according to numbers compiled by […]
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Investors learned a painful lesson on portable alpha during the financial crisis. Why they’re now taking a second look.
Hedge fund investors are increasingly paying attention to a strategy that hit its zenith of popularity and assets nearly two decades ago before being badly battered during the global financial crisis: portable alpha. The Global Financial Crisis exposed significant weaknesses and the strategy took a beating. But is it getting a second chance? Jon Caplis […]
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Hedge funds dodge January downside as ‘underlying fear’ stalks markets
A number of strategies navigated the DeepSeek turmoil and tariff threats rather well. Avoiding the downside and making the most of the upside as markets returned to normal. The PivotalPath Composite Index was up 1.5% in January, while most other indices also generated positive returns. Highlights included the PivotalPath Equity Sector: Technology/Media/Telecom Index, as well […]
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Hedge funds posted double-digit returns in 2024. Will investors allocate more?
When analyzing hedge fund performance, the right context matters. This week Pensions & Investments cited PivotalPath’s highly accurate hashtag#hedgefund indices, while posing the question, will 2025 see increased allocations after a vintage year of returns? PivotalPath believes 2025’s positive flows will be built on the outperformance of 2024. The PivotalPath Composite Index was up 10.7% […]
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Podcast Spotlight: Hedge Fund Performance and 2025 Trends on Alternative Fund Insight
How will 2025 shape the future of hedge funds? In this episode of the Alternative Fund Insight podcast, PivotalPath Founder and CEO Jon Caplis sits down with Richard Quigley of Goldman Sachs Asset Management to reflect on 2024’s performance and explore the trends set to define the year ahead.
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The Year That Hedge Funds Got Their Mojo Back
Hedge funds are having a moment. Will it last? In a year when everything seemed to go up, the industry generated some of its strongest, and most consistent, returns in a decade. The big question for investors: Was 2024 a turning point, or will the recent trend of so-so—and sometimes dismal—returns quickly reassert itself? On average, […]
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Quality not quantity propels new hedge fund launch market
What to make of the hedge fund launch market in 2024? Headline numbers have been mixed, with Preqin noting the lowest number of launches since 2000. But net new launch numbers are in positive territory for the second year running, according to HFR. “The trend of platforms allocating to external funds, often straight after they […]
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Podcast Spotlight: Addressing the Flaws in Hedge Fund Benchmarks
On In Conversation with Julie Segal, episode 10, we discuss the origins of these data gaps, their impact on the industry, and how recent research is driving change. Tune in to explore why resolving this issue is more urgent than ever and what it could mean for the future of hedge fund investing.
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Hedge funds score double-digit returns in 2024
Some of the world’s largest hedge funds finished 2024 with comfortable double-digit returns, benefiting from chaotic markets, central bank policy changes and a tight U.S. presidential election race. Hedge funds in 2024 averaged a 10.7% return in the year through November, according to PivotalPath, versus 5.7% in the same period in 2023. But some portfolio managers scored gains above […]
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The year hedge funds grew up
History sometimes repeats itself. And in the case of “portable alpha”, a revival is underway in 2024. However, this time it is driven by hedge funds themselves.
