HSBC's Top Three Hedge Funds Have Interesting Beta Correlations

Mark Melin

Published onSeptember 9, 2016

It is interesting to watch strategies stay atop the HSBC Hedge Weekly top 20 performance list despite their apparent beta market environment turning negative. Consider the top three hedge funds as prime examples: the Dorset Energy Fund, often correlated to the price of oil; Quantedge Global Fund, in second place and not correlated to traditional systematic CTA strategies; and the Russian Prosperity Fund, whose correlation is stated in the title.

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Hedge Funds

Hedge Funds - An oil fund not entirely correlating to the price of oil

David Knott and Donald Textor’s $159 million Dorset Energy Fund (Class A) is an outstanding example of funds not entirely correlating to their beta. Oil is trading...

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Mark Melin

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.

HSBC's Top Three Hedge Funds Have Interesting Beta Correlations

Hedge Funds

Hedge Funds - An oil fund not entirely correlating to the price of oil

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