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eVestment's Top Hedge Funds In February 2021

Renaissance Technologies' Renaissance Institutional Equities Fund was the most viewed hedge fund on the eVestment platform in February, beating Select Equity Group's Cooper Square Fund - January's winner - into second place. 1060 Capital Management's 1060 Capital Opportunity Fund was third, up two spots from fifth last month.

Global: Most Viewed Alts/HF Products February 2021
  Most Viewed Product's Firm Name Most Viewed Product
New Renaissance Technologies LLC  Renaissance Institutional Equities Fund (RIEF) LLC
  Select Equity Group, L.P.  Cooper Square Fund
  1060 Capital Management  1060 Capital Opportunity Fund, LP
New J.P. Morgan Investment Management Inc.  JPM Global Macro Opportunities
New Water Island Capital, LLC  Water Island Credit Opportunities Fund
New Water Island Capital, LLC  The Arbitrage Fund
New Marathon Asset Management, LP  Marathon Securitized Credit Fund
New AQR Capital Management LLC  Style Premia Fund
  Echo Street Capital Management  Echo Street GoodCo Select Funds
New 400 Capital Management LLC  400 Capital Credit Opportunities Fund

At the regional level, RenTec's REIF fund was the most viewed in the United States; Water Island Capital's Water Island Credit Opportunities Fund, which came in fifth in the overall product standings in February, was the most viewed by U.K-based eVestment subscribers; Man Group's Man AHL Evolution Program was most viewed in Europe ex-U.K; Vida Capital's Vida Longevity Fund was most viewed in Canada; IFM Investors' IFM Global Infrastructure (Canada), L.P was the most viewed in Asia ex-Japan; AQR Capital Management's Style Premia Fund took top spot in Australia; and J.P. Morgan Investment Management's JPM Global Macro Opportunities Fund was most viewed in Africa/Middle East.

At the firm level, Water Island Capital took first place in February after not even being in the top ten in January. The firm's Credit Opportunities Fund was their most viewed product but they placed two funds in the top ten overall, with The Arbitrage Fund coming in sixth place.

Global: Most Viewed Alts/HF Firms February 2021
  Firm Name Firm's Most Viewed Product
New Water Island Capital, LLC Water Island Credit Opportunities Fund
New Renaissance Technologies LLC Renaissance Institutional Equities Fund (RIEF) LLC
New Bridgewater Associates, LP Bridgewater Pure Alpha Major Markets
  AQR Capital Management LLC Style Premia Fund
  Select Equity Group, L.P. Cooper Square Fund
New IFM Investors Pty Ltd IFM Global Infrastructure (Canada), L.P.
New Lighthouse Investment Partners, LLC Lighthouse Diversified Fund, L.P.
  Man Group Man AHL Evolution Programme
New Marshall Wace LLP Marshall Wace - MW Eureka Fund
New J.P. Morgan Investment Management Inc. JPM Global Macro Opportunities

Geographically, the firms which had the most viewed products were also the most viewed firms in the respective regions.

Select Equity Group's Cooper Square Fund was the biggest riser - those products which had the greatest absolute increase in the proportion of views they received of their alternative products from investors and consultants in the current month, versus the proportion of views they received in the prior 12 months as a whole - last month, moving up from second place in January. J.P. Morgan Investment Management's JPM Global Macro Opportunities Fund was second and Water Island Capital's Water Island Credit Opportunities Fund was third.

Global: Rising Alts/HF Products February 2021 vs. Prior 12 Months
  Rising Product's Firm Name Rising Product
  Select Equity Group, L.P.  Cooper Square Fund
New J.P. Morgan Investment Management Inc.  JPM Global Macro Opportunities
New Water Island Capital, LLC  Water Island Credit Opportunities Fund
New Renaissance Technologies LLC  Renaissance Institutional Equities Fund (RIEF) LLC
New Marathon Asset Management, LP  Marathon Securitized Credit Fund
New Water Island Capital, LLC  The Arbitrage Fund
New Angel Oak Capital Advisors, LLC  Angel Oak Strategic Mortgage Income Fund, LP
New Acadian Asset Management LLC  Multi-Asset Absolute Return 6v Aggregate
New Great Point Partners  Biomedical Value Fund Core
New Schroder Investment Management Limited  Schroders Securitized Credit Fund

 


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