Long/Short Hedge Funds Beta to Mega Cap Growth Stocks Hedge funds aren’t chasing the current market rally, as long/short hedge funds beta to the mega growth stocks is below historical average. Image: Deutsche Bank Asset Allocation
Weight of Top 10 Positions in Median Hedge Fund Long Portfolio The average hedge fund holds 71% of its long portfolio in its top 10 positions. This is one percentage point below the record high of 72% reached in 2019. Image: Goldman Sachs Global Investment Research
Long/Short Hedge Fund Beta to S&P 500 The long/short hedge fund beta to S&P 500 remains very low. Image: Deutsche Bank Asset Allocation
Hedge Fund Net Asset Flows Investors pulled $33bn from hedge funds in the first quarter of 2020, as market volatility surges on coronavirus pandemic uncertainty. Image: Financial Times
Hedge Fund Net Exposure Even after the recent sell-off, hedge fund’s net exposure remains high. Image: Goldman Sachs Global Investment Research
Annual Net Hedge Fund Openings Hedge funds are on track to record more closures than launches for the fifth consecutive year, due to mediocre returns and high fees. Image: Bloomberg
Quant Hedge Fund Performance vs. S&P 500 Does quant trading really work? 2019 was a tough year for quant hedge funds. Image: Bianco Research
S&P 500 vs. Hedge Fund Research Global Index Hedge funds have underperformed the S&P 500 this year, but volatility has been lower. Image: Financial Times
Hedge Fund Correlation with a 60/40 Portfolio Correlations between hedge funds and 60/40 portfolios are sometimes high and at other times low. In general, hedge funds can play a role in risk reduction. Image: J.P. Morgan Asset Management
S&P 500 Total Return vs. BarclayHedge Hedge Fund Index Hedge funds have underperformed the S&P 500 over the past decade, but volatility has been lower. Image: The Daily Shot, Bloomberg
S&P 500 Hedge Fund Long Positioning Speculative long positions in the S&P 500 are near levels that have marked major bottoms in the past. Image: Macro Ops