An uneventful week for hedge funds. Amid reduced trading volumes and a pause in the Reflation trade, most Lyxor indices were about flat. CTAs and Macro funds stood out, in symmetry. The former lost on US yields and equities, the latter gained on their long US bonds and short Euro bonds. In this piece, we present our 2017 outlook for hedge funds.

Risk aversion rose over the recent days as Election Day approaches in the U.S. and the gap between Clinton and Trump in the polls has narrowed. During the period under review, both equities and bonds delivered negative returns, while credit spreads widened and energy commodities fell markedly.

The GAM Systematic Global Equity Market Neutral fund uses systematic strategies and proprietary trading systems to invest in global single-name equities. Designed to deliver returns uncorrelated with a long-only equity portfolio...

Fixed income markets have faced some pressures lately, as investors fret about less accommodative monetary conditions going forward. In addition, higher energy prices have fuelled bond yields, as both OPEC members and Russia...

For investors seeking meaningful diversification of their portfolios, alternative beta strategies (sometimes called liquid risk premia) have low or no market beta and, if executed correctly, have low correlations to the major asset classes.