As market correlations diverge, a subtle hedge fund performance shift is continuing to take place, the most recent HSBC Hedge Weekly performance report shows. The fund now at the top of the list, the $274 million Tulip Trend Fund, actually posted lower returns week-over-week but nonetheless captured the top spot. Market correlations diverge: Certain managed futures hedge fund strategies fall 50% in value as market environments change Last week’s fund leader, the $199 million Conquest Macro Fund, Ltd, which then posted returns of +21.95% year-to-date, was perhaps among the hardest hit in the short term beta market environment change. This…
Shifting Hedge Fund Leaderboard Continues As Market Correlations Diverge
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.