In today’s environment of low interest rates, extreme market volatility, and declining liquidity, where can investors look for more unique investment ideas? Which strategies could prove complementary to your portfolio? Moderator Chris Solarz, managing director at Cliffwater, was joined by Neal Berger, president at Eagle’s View Asset Management; James Koutoulas, CEO of Typhon Capital Management; […]
After record highs in major market indexes on February 19, the S&P witnessed its fastest bear market in history. The unprecedented loss of global wealth – and ensuing global monetary and fiscal policy responses – were equally historic. Should investors be “buying the dips” or “selling the rips”? During Profit & Loss Dial-In Day earlier […]
During the strong 2019 equity bull market when the S&P 500 gained 31.5%, hedge funds returned 8.4%, according to HFR (27% of upside). During the 1Q 2020 Coronavirus Crisis, when the S&P 500 fell -19.6%, hedge funds fell -5.9% (30% downside). The outstanding question is: have hedge funds achieved goal within portfolios and what strategies […]
Despite a decline of investment into actively managed FX funds in recent years, speakers at the Profit & Loss Forex Network New York conference expressed optimism for these funds.
Chris Solarz, a managing director at Cliffwater, a firm that provides investment advisory services, explained that hedge fund strategies in general have struggled to outperform indices since the financial crisis, both on an absolute and relative basis.
“Someone mentioned on an earlier panel that it’s not fair to compare hedge fund strategies, hedge fund indices, to the S&P – but in the industry 10 years ago, that’s not at all how we were selling it.