Arbitrage

As the first quarter of 2019 is coming to an end, we discuss recent hedge fund performance and our midterm outlook for hedge fund strategies.

Neuberger Berman, a private, independent, employee-owned investment manager, has launched the Neuberger Berman Absolute Alpha Fund, a long-short equity portfolio managed by renowned investor Steve Eisman and his team.

The European Securities and Markets Authority (ESMA) today published its first statistical report on European Union (EU) Alternative Investment Funds (AIF). The study finds that the EU AIF sector in 2017, as measured by Net Asset Value (NAV), amounted to €4.9tn...

Hedge fund strategies experienced a symmetric move. The strategies that suffered in December such as L/S Equity and Relative Value Arbitrage rebounded recently, while those resilient at the end of 2018, such as CTAs, lagged behind so far in Q1 due to their short equity positions.

The recent U-turn of major central banks from monetary normalization to renewed accommodation beat market expectations. In particular, the minutes from the FOMC meeting held on 29-30 January suggested the likely ending of the balance sheet runoff at the end of 2019.