eVestment's Top Hedge Funds In March 2020

Our monthly peek into eVestment's subscriber activity sees AQR Capital Management's DELTA Strategy re-take the top spot in the most viewed product category. Last month, New York-based Moerus Capital Management's Global Value Fund Master knocked DELTA off it's perch. Moerus fell out of the top 10 completely last month; Renaissance Technologies' Institutional Equities Fund stayed in second place, and P/E Investments' FX Strategy Standard came in third, a first appearance in the top 10 most viewed products for the Boston-based firm.

At the firm level, Bridgewater moved back to the top spot that it held in January, but this month the firm's Pure Alpha 18% Volatility Strategy was Bridgewater's most viewed product, whereas in January Pure Alpha Major Markets was the COnnecticut-based investment manager's most viewed product. AQR came in second and RenTec was third.

New for this month is a look into which products and managers are being looked at by eVestment's investor and consultant subscribers in different regions. United States-based subscribers looked most commonly at AQR's DELTA Strategy, and U.K-based subscribers favoured Sirious Capital Management's Sirios Capital Partners II product. European (excluding U.K.) subscribers were most interested in Marshall Wace's MW Eureka Fund last month.

At the firm level, the results are a who's who of investment managers.

At the rising product level - those products whose views last month were higher on a relative basis versus their 12-month rolling average - P/E Investment's FX Strategy Standard was the winner, followed by Allianz Global Investors' AllianzGI Structured Alpha 1000 and BlackRock's Equitized Global Market Neutral product.

At the firm level, Owl Creek Asset Management was the biggest riser, with the firm's Owl Creek Overseas Fund Ltd the firm's biggest rising product.

Strategy-wise, fundamental long/short equity is still the most popular strategy but event-driven multi-strat is the biggest riser, with Owl Creek again driving interest in that sector of the hedge fund universe. Owl Creek was the most viewed firm by U.K-based eVestment subscribers last month.