Press & Media
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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.
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Power25: Hedge Fund Allocator Ranking 2024 – PivotalPath Selected as a Top non-allocator, based on our influence and reputation
PivotalPath, the New York-based hedge fund research business, works with global allocator clients which are cumulatively responsible for hedge fund investments in excess of $450bn. That makes it one of three non-managers on the list for their influence. Taking an expert-led and data-centric approach — founder Jon Caplis worked for several top hedge funds before […]
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Four in five hedge funds profit from ‘Trump Bump’
PivotalPath’s main hedge fund indices all notched positive gains in November, as managers across all strategy types profited from the post-election “Trump Bump” that saw U.S. stocks and the dollar soar. PivotalPath’s main industry-wide Hedge Fund Composite index rose 2.1% last month to drive year-to-date returns into double-digit territory, at 10.7%.