- Advertisement -
- Advertisement -

Related

ETFs tracking hedge funds are underperforming

Report: Alternative Fixed Income

- Advertisement -

Stockholm (HedgeNordic) –  ETFs tracking hedge funds are performing poorly, Bloomberg writes. Global X Guru ETF, has built a strategy that aims to track the holdings of leading hedge funds. But the fund has not made unit holders happy so far. Since inception in August, the fund is down by 10 percent and has significantly underperformed the s&P 500 index.

The Alphaclone Alternative Alpha ETF has a different strategy. It tracks the performance of U.S. equities to which hedge funds and institutional investors have disclosed “significant” exposure. The ETF has lost 18 percent since the start of August.

However, it has not always been a bad strategy to aligning one’s holdings with those of hedge funds. A Goldman Sachs gauge that identifies the most popular bets across firms had annual returns exceeding the S&P 500 in each year from 2012 through 2014.

Picture: (c) swissmacky—shutterstock.com

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Jonathan Furelid
Jonathan Furelid
Jonathan Furelid is editor and hedge fund analyst at HedgeNordic. Having a background allocating institutional portfolios of systematic strategies at CTA-specialist RPM Risk & Portfolio Management, Mr. Furelid’s focus areas include sytematic macro and CTAs. Jonathan can be reached at: jonathan@hedgenordic.com

Latest Articles

High-Yield Bonds Knock Out Stocks

Nordic high-yield bonds and the managers specializing in them have delivered strong returns in recent years, even outperforming local equity markets. Jarle Sjo, Head...

EM Corporate Bonds: Could Trump’s Tariffs Create Opportunities?

By Toke Hjortshøj, Senior Portfolio Manager at Impax Asset Management: Emerging market (EM) corporate bonds are on the frontline of the tariff war that...

Infrastructure’s Role in Europe’s Transformation

As Europe accelerates its transition toward a greener and more digital future, infrastructure investment has become a cornerstone of this transformation. However, a funding...

Capital Four Reaches Hard Cap for Fifth Private Debt Vintage

Copenhagen-based credit specialist Capital Four has reached the hard cap of €3 billion for its fifth private debt vintage, Private Debt V – Senior....

Othania Introduces UCITS Version of All-Weather Strategy

Danish boutique asset manager Othania has assumed management of the UCITS-structured fund ØU Invest Balance KL, which will be rebranded as Othania Stabil UCITS...

Hilbert Expands Asset Management Arm

Hilbert Group, which operates an asset management business specializing in hedge funds focused on digital assets, has completed the acquisition and integration of digital...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -