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eVestment's Top Hedge Funds In August 2020

This month's peek into the clicking activity of eVestment's institutional investor and consultant subscribers shows a new entry at the top of the pile, New York-based Nut Tree Capital Management. Nut Tree employs a fundamentals-based, long-biased strategy primarily focused on stressed and distressed corporate debt, low loan-to-value high yield debt, and special situations and deep value equities, according to its website. Hudson Bay Capital Management's Hudson Bay Fund LP was second this month, with Invesco's Balanced-Risk Commodity fund in third.

Global: Most Viewed Alts/HF Products August 2020
  Most Viewed Product's Firm Name Most Viewed Product
New Nut Tree Capital Management  Nut Tree Capital Management LP
New Hudson Bay Capital Management LP  Hudson Bay Fund LP
New Invesco, Ltd  Balanced-Risk Commodity
New Gramas Growth Partners  Gramas Growth Partners LP
New Polar Asset Management Partners  Polar Multi-Strategy Fund
  1060 Capital Management  1060 Capital Opportunity Fund, LP
New P/E Investments  FX Strategy Conservative
New FengHe Fund Management  FengHe Asia Fund
New Segantii Capital Management Limited  Segantii Asia-Pacific Equity Multi-Strategy Fund
  Select Equity Group, L.P.  SEG Partners Fund
New Water Island Capital, LLC  The Arbitrage Fund
New Engle Capital Management, LP  Engle Capital Master Fund, Ltd.
New Bridgewater Associates, LP  Bridgewater Pure Alpha Strategy
New Episteme Capital Partners (UK), LLP  Episteme Systematic Quest TR ESQTR
  400 Capital Management LLC  400 Capital Credit Opportunities Fund
New Aberdeen Standard Investments  Global Absolute Return Strategies (GARS)

At the regional level, Gramas Growth Partners' Gramas Growth Partners LP fund was the winner in the Aisa ex-Japan region - the fund also came fourth in the overall standings this month; PIMCO, which has recently added Mark Carney to its global advisory board, had the most viewed product in Canada with its PIMCO Tactical Opportunities Fund; Episteme Capital Partners' Episteme Systematic Quest TR ESQTR fund was the most viewed product in continental Europe, BlackRock's Multi Opportunity Fund and Aberdeen Standard's Global Absolute Return Strategies Fund were tied for the most viewed product by UK investors, and Nut Tree was first amongst US eVestment subscribers.

At the firm level, Bridgewater had the most views, with Pure Alpha Strategy the most viewed individual product from Bridgewater's stable in August. Man Group was second, with AHL Alpha Programme the UK-listed firm's most viewed product, and Marshall Wace was third with MW Eureka Fund the London outfit's most viewed product.

Global: Most Viewed Alts/HF Firms August 2020
  Firm Name Firm's Most Viewed Product
  Bridgewater Associates, LP Bridgewater Pure Alpha Strategy
  Man Group Man AHL Alpha Programme
  Marshall Wace LLP Marshall Wace - MW Eureka Fund
  BlackRock BlackRock Multi Opportunity Fund
New Invesco, Ltd Balanced-Risk Commodity
  PIMCO PIMCO Tactical Opportunities Fund
New Graham Capital Management L.P Graham Quant Macro Portfolio
New Hudson Bay Capital Management LP Hudson Bay Fund LP
  AQR Capital Management LLC Style Premia Fund
New Nut Tree Capital Management Nut Tree Capital Management LP

Regionally, the most viewed firms were broadly in line with the regionally most viewed products: Episteme in the UK, Gramas in Asia ex-Japan, Nut Tree in the US. The differences were in Canada, where Oaktree Capital Management had more views from Canadian investors than any other firm, in Japan where Lyzor Asset Management had the most views and the UK, where Man Group took first place.

Rising products - those which enjoyed the largest increase vs their previous 12 month rolling average - saw Invesco's Balanced-Risk Commodity Fund take first place in August, followed by Nut Tree Capital Management LP in second and Gramas Growth Partners LP in third.

Global: Rising Alts/HF Products August 2020 vs. Prior 12 Months
  Rising Product's Firm Name Rising Product
New Invesco, Ltd  Balanced-Risk Commodity
New Nut Tree Capital Management  Nut Tree Capital Management LP
New Gramas Growth Partners  Gramas Growth Partners LP
New Hudson Bay Capital Management LP  Hudson Bay Fund LP
New Polar Asset Management Partners  Polar Multi-Strategy Fund
New P/E Investments  FX Strategy Conservative
New FengHe Fund Management  FengHe Asia Fund
New Water Island Capital, LLC  The Arbitrage Fund
New Episteme Capital Partners (UK), LLP  Episteme Systematic Quest TR ESQTR
New Engle Capital Management, LP  Engle Capital Master Fund, Ltd.

At the regional level, 


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