Funds Hub
Money managers under the microscope
Going global
Global macro and managed futures (CTAs) are still where it’s at, it seems, when it comes to funds of hedge funds.
Nigel Davies’ poll of portfolio managers shows these are the two strategies they are expecting above average returns from in the first half of 2009.
It is little surprise that these two strategies have been picked out.
After funds of hedge funds’ worst-ever returns last year — a loss of 19.97 percent, according to Hedge Fund Research — managers are bound to look to those few strategies that did well.
Managed futures returned an impressive 18.33 percent, according to Credit Suisse/Tremont, while global macro lost 4.62 percent — a loss, but much better than the average.
