eVestment's Top Hedge Funds In April 2020

Our monthly peek into the viewership activity by the institutional investor and advisor subscribers to the platform shows that Graham Capital's Quant Macro Portfolio was the most viewed hedge fund last month, the first time that it has topped the list and the first time it has appeared in the top three since September 2019. Perennial top ten inhabitant AQR DELTA Strategy was second and 1060 Capital Management's 1060 Capital Opportunity Fund was third.

At the regional level, Graham Quant Macro was the most viewed product by Japan-based investors and advisors; AQR DELTA was the most viewed by U.S.-based investors and advisors; and Sirios Capital Management's Sirios Capital Partners II was the most viewed by U.K.-based investors and advisors. Other regional winners included CQS's ABS Fund, Bridgewater's Pure ALpha Major Markets Fund, and AIS Capital Management's Gold Strategy.

At the firm level, Bridgewater Associates came in first, Graham Capital Management came second - no doubt boosted by its Quant Macro program topping all products globally - and Man Group's Alternative Risk Premia Strategies came third.

Bridgewater also dominated the regional categories at the firm level.

Rising products - those with the biggest percentage gain versus the products' rolling 12 months average - was won by Graham Quant Macro, with Verition Fund Management's Multi-Strategy Fund Composite coming second and Putnam Investment's Multi-Asset Absolute Return Fund coming third.

At the firm level, Bridgewater was the biggest riser, with Graham Capital Management second and PIMCO third.

eVestment subscribers continue to look closely at fundamental equity long/short hedge funds, with that strategy the most viewed last month, closely followed by multi-strat multi-markets and fundamental long/short credit.