European Investor and Consultant Interest in Hedge Funds Spikes

07 May

European Investor and Consultant Interest in Hedge Funds Spikes

The hedge fund industry continues to see asset redemptions despite performance that’s outpacing 2018’s challenging results, as reported by eVestment in April. Now at least one set of investors and consultants – those in continental Europe – appear to be giving hedge funds another look in a big way, according to the latest eVestment Advantage Viewership Report.

Hedge fund universes made up half of the top viewed universes among eVestment users from Europe ex-UK in April. Hedge funds also made up eight of the top 10 rising universes. Various macro, managed futures, fund of funds and multi-strategy universes were in the mix. Two Asia-Pacific focused hedge funds, Segantii Capital Management’s Asia-Pacific Equity Multi-Strategy Fund and Graticule Asset Management Asia Pte. Ltd.’s Asia Macro Fund were among the most viewed products among Europe ex-UK investors and consultants.

BlackRock regains the top spot as the most viewed firm globally in April.

Buoyed by the attention to its Market Advantage (Risk Parity) strategy, a globally-focused balanced/multi-asset product, BlackRock displaced Wellington Management to become the most viewed firm by investors and consultants using the eVestment platform. Wellington’s most viewed product, its Global Perspectives strategy focused on global small-mid cap equities, garnered almost the same amount of views as BlackRock’s strategy however.

Emerging markets fixed income universes take top spots in Asia ex-Japan.

Four of the five most viewed universes by users located in this region were global EM fixed income, including those focused on hard currency, blended currency, local currency and corporate debt. EM debt strategies managed by Aberdeen Standard Investments were of particular interest to Asia ex-Japan investors and consultants.

Rising interest in infrastructure and real estate.

U.S. investors and consultants show increased interest in Infrastructure, as this universe was fourth on the rising universes list and driven by its rising product DWS Investment Management Americas, Inc: Global Infrastructure Strategy. In Canada, US Private Real Estate was the second rising universe, supported by AEW Capital Management’s AEW Core Property Trust, and in Japan, Neuberger Berman’s REIT strategy helped the US REIT universe become the fifth rising in this region.

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