Hedge Funds

Hedge Fund Strategies 2.0

Posted by Caroline Greer | Kristofer Kwait, Managing Director, Head of Hedge Fund Strategies on Oct 10, 2016

Topic: Asset Allocation Hedge Funds Investment Strategy

The old mantra of using hedge funds for downside protection and upside participation hasn't worked. During this webcast, we examine the why and the how of hedge funds - why invest in them and how to invest in them effectively within institutional portfolios.

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Unhedged Commentary:
The $3 Trillion Question

Posted by Mark J.P. Anson, Chief Investment Officer, Commonfund | Ryan Driscoll, CFA, Director on May 5, 2016

Topic: Hedge Funds Investment Strategy

The growth of the hedge fund industry over the past decade has been tremendous, with more and more institutional and retail investors allocating capital to investment strategies that fall outside the boundaries of traditional stock and bond funds.

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Hedge Funds:
How Many (or Few) Does it Take?

Posted by Kristofer Kwait, Managing Director, Head of Hedge Fund Strategies | John Delano, Director, Hedge Fund Strategies Group, Commonfund on Apr 8, 2016

Topic: Hedge Funds

Hedge Funds: How Many (or Few) Does it Take? It’s straightforward to get an answer to that question, at least superficially: draw at random from a manager universe, build hypothetical portfolios with the selected managers, track performance, repeat thousands of times, and based on the average result, arrive at an optimal portfolio size.

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Size: It’s Complicated

Posted by Kristofer Kwait, Managing Director, Head of Hedge Fund Strategies | John Delano, Director, Hedge Fund Strategies Group, Commonfund on Jan 14, 2016

Topic: Hedge Funds Investment Strategy

AUM among hedge funds has always been characteristically top-heavy, with the majority of capital in the hands of a relatively small number of managers. While the hedge fund universe has expanded from a few hundred in the mid-1990s to several thousand today, investors have voted in large numbers for what amounts to a handful of those managers.

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Global Economic & Investment Outlook:
2016 – A Year of Transition

Posted by Commonfund on Jan 4, 2016

Topic: Asset Allocation Equities Fixed Income Hedge Funds Market Commentary Private Capital

Our 2016 Global Economic and Investment Outlook provides a detailed look at our expectations and portfolio positioning going forward.

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Hedge Funds: An Instructional Look

Posted by Commonfund on Dec 4, 2015

Topic: Asset Allocation Hedge Funds

Hedge funds often account for the largest share of institutions’ allocation to alternative investment strategies yet, hedge fund strategies can be difficult to understand. We have created a reference guide that will be useful when considering hedge funds in your portfolios.

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Direct Hedge Fund Investing

Posted by Brett Lane, Managing Director on Sep 1, 2015

Topic: Hedge Funds Industry Knowledge

Making the shift from hedge funds of funds impacts every step in the investment process and everyone involved in investment decision-making and governance at your institution.

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Direct hedge fund investing: a framework for evaluation

Posted by Brett Lane, Managing Director on Aug 17, 2015

Topic: Hedge Funds Industry Knowledge

The trend is clear: More assets are being invested in hedge fund strategies directly through single managers while fewer assets are being channeled through hedge funds of funds.

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Manager Spotlight | York Capital Management

Posted by Commonfund on Jun 26, 2015

Topic: Hedge Funds Industry Knowledge

Manager Spotlight | York Capital Management | Masahiko "Masa" Yamaguchi Co-Portfolio Manager of Asian Opportunities and Event-Driven UCITS funds

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New Commonfund Hedge Fund Whitepaper “Chasing Winners: The Appeal and the Risk”

Posted by Commonfund on Aug 27, 2014

Topic: Hedge Funds

The paper shows that many hedge fund managers have benefited from outsized gains due to the extended broad market rise. Investors are often influenced strongly to select those hedge fund managers that have produced outsized recent performance. However, this strategy can work against investors in the long run since it is implicitly based on the manager’s ability to track market movements across investment environments -- even though evidence for this ability within the manager universe is not robust.

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Smart money, crowded trades?

Posted by Kristofer Kwait, Managing Director, Head of Hedge Fund Strategies | John Delano, Director, Hedge Fund Strategies Group, Commonfund on Aug 17, 2014

Topic: Hedge Funds Industry Knowledge

Approaches to stock selection vary widely across the hedge fund universe, even among managers practicing the same strategy. Valuation, potential catalysts, time horizons and technical factors based on price history all influence decisions to own a stock, both in terms of names and position sizing and hedging. A name that is attractive to one manager may leave another unmoved, or escape consideration altogether.

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Chasing Winners: The Appeal and the Risk

Posted by Kristofer Kwait, Managing Director, Head of Hedge Fund Strategies | John Delano, Director, Hedge Fund Strategies Group, Commonfund on Aug 6, 2014

Topic: Hedge Funds

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More hedge fund investors are going direct. should your institution?

Posted by Nick De Monico, Former interim CIO, Commonfund | Brett Lane, Managing Director on Apr 13, 2014

Topic: Hedge Funds Industry Knowledge

Direct, fund of fund or a combination: more options for more institutions.

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Subscribe & Manage Your Frequency to Insights Blog

Posted by Commonfund on Jan 5, 2014

Topic: Asset Allocation Equities Fixed Income Governance and Policy Hedge Funds Industry Knowledge Market Commentary Operating Assets Outsourced Investing Partners People Private Capital Quant Strategies Responsible Investing Risk Management

Subscribe to the Insights Blog from Commonfund to stay informed with the latest information for nonprofit investors and the public sector.

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