eVestment's Top Hedge Funds In December 2020

AQR Capital Management's Global Style Premia Long Only Equity fund was the most viewed hedge fund on Nasdaq-subsidiary eVestment's platform in December, beating out 1060 Capital Management's 1060 Capital Opportunity Fund, which took the top spot in October and November, into second place. Renaissance Technologies' Renaissance Institutional Equities Fund came in third.

At the regional level, Global Style Premia Long Only Equity was the most viewed product in Asia ex-Japan, Capital Fund Management's CFM Stratus Program was the most viewed in Europe ex-UK, Old Orchard Capital Management's Old Orchard Credit Master Fund was clicked on the most by Japan-based eVestment subscribers, QMA Wadhwani's Keynes Systematic Absolute Return product took the most eyeballs in the U.K. and Wellington Management's Commodities product was most viewed in the United States (also coming a close fourth in the overall most viewed list last month).

At the firm level, AQR was most viewed with Wellington Management second, its rise up the leaderboard propelled by its Commodities product. RenTec was third.

Regionally, the investment manager of each of the products which took top spot at the product level also saw the most activity at the firm level, with the exception of Japan, where IFM Investors had the most views on aggregate.

AQR's Global Style Premia Long Only Equity was also the biggest riser - the number of views in the month vs. the prior 12 month rolling average - and Wellington Management's Commodity product was second. Record Currency Management's Dynamic Hedging US product was third.

Perhaps an indication of how investors expect to adjust their portfolios in 2021, Macro provided all three of the top rising strategies - Wellington's Commodities at the discretionary level, Record Currency Management's Dynamic Hedging US at the quantitative level and JP Morgan Investment Management's JPM Global Macro Opportunities product at the multi-strat level.

Time will tell if this increased interest in macro funds turns into positive net asset flows. eVestment's data at the end of November last year shows -$18.5bn of outflows from macro hedge funds overall in 2020.