Institutional Investors Tepid To Additional Hedge Fund Allocations

HFA Padded
Mark Melin
Published on
Updated on

New hedge fund allocations were soft in November, as funds were generally engaged in strong net equity covering, a JPMorgan Prime Brokerage Global Hedge Fund Trends report notes. Equity hedge funds ended positive in November, up 0.9% basis the HFRI Fund Weighted Composite Index, which is up 3.57% on the year. This contrasts with a 3.42% November rise in the S&P 500 index, which was up 9.79% at the end of November. Hedge fund performance was weighed down by Global Macro, where commodity and CTA strategies contributed to losses, the report noted. Global hedge funds outpaced major stock market benchmarks,…

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HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.