Press & Media
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Stick with a ‘pod-shop’ or fly solo? The trader’s dilemma
Consistent performance in the higher rate environment of coming years will determine which firms succeed in the space as excess returns become core to LP decision-making. “A higher risk-free rate changes the dynamic and requirement for investor expectations,” said Jon Caplis of industry research firm PivotalPath.
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Hedge Fund Paloma Partners Offers IOUs to Fleeing Investors
As hedge funds enjoy another strong year of performance, it’s not a surprise that some hedge funds aren’t able to keep pace. As Peter Rudegeair notes for The Wall Street Journal, this may be most pertinent for Paloma Partners. While PivotalPath never comments or shares data on an individual firm’s performance, it’s worth noting that […]
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Biggest Hedge Funds Make the Most of the Trump Trade in November
The world’s biggest hedge funds made the most of trading opportunities sparked by Donald Trump’s reelection last month, keeping the industry on track to post its strongest returns in at least four years. One benchmark index from PivotalPath that tracks 70 multistrategy hedge funds had already been on track to notch its best year since 2020.
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Fund manager Bessent scores double on Trump victory
As a money manager, Scott Bessent’s years of inconsistent performance have contributed to a nearly 90% decline in his hedge fund’s assets. Now, with other business lines expanding, he has scored on perhaps his biggest bet yet: President-elect Donald Trump. Click below to read how the fund performed vs the PivotalPath Index.
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Bond hedge fund Arini up 23.4% betting against European satellites and autos, says letter
Former Credit Suisse bond trader Hamza Lemssouguer’s main $3.7 billion fund at Arini jumped 23.4% through the end of October, benefiting from bets against European manufacturers facing U.S. and China headwinds, said a source and an investor letter. The year-to-date gains beat recent industry averages for hedge funds trading corporate debt, which have returned 9% […]
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Hedge-Funds Hit by ‘Arbageddon’ Sense Brighter Future After Trump Win
A string of busted deals has hit the venerable hedge-fund industry strategy of merger arbitrage A new presidential administration may mean new opportunities in M&A. For the merger arb space, this could lead to a much brighter future. For context, funds focused on mergers have had a more challenging year than most. The PivotalPath Merger […]
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Commodity trading advisers see a ‘resurgence,’ says co-CIO of Winton Group
Are CTAs making a comeback? As always, context matters and as we shared with Lydia Tomkiw at Pensions & Investments, 2022 was a big year for Managed Futures. The PivotalPath Managed Futures Index finished that year up 14.7%. This year through Sept. 30, the Index is up 3.4% and has annualized 5.1% over the last […]
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Hedge funds search for trades in dead-heat US election
With election day finally here, many hedge funds have been focused on other more concrete trends, as the race has been impossible to predict. But it’s worth noting how the industry has performed coming into the election. As we noted in a recent conversation with Carolina Mandl of Thomson Reuters, the PivotalPath Composite Index gained […]
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Wall Street Pros Get Into Position to Profit From a Trump Win
While polling shows a tight race, some investors are putting on wagers that could pay off if Trump beats Harris
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Bloomberg Television: How To Position Ahead of Election
How are hedge funds positioning themselves ahead of the election? And is it any different from years past?
