Skip to main content

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.

Global: Most Viewed Alternatives Products March 2020
  Most Viewed Product's Firm Name Most Viewed Product
  AQR Capital Management LLC DELTA Strategy
  Renaissance Technologies LLC Renaissance Institutional Equities Fund (RIEF) LLC
New P/E Investments FX Strategy Standard
New Allianz Global Investors AllianzGI Structured Alpha 1000
New Select Equity Group, L.P. SEG Partners Fund
New BlackRock Equitized Global Market Neutral
New Autonomy Capital Autonomy Master Fund Limited
New Graham Capital Management L.P Graham Quant Macro Portfolio
New Angelo, Gordon & Co. AG Mortgage Value Partners
New Sirios Capital Management L.P. Sirios Capital Partners II, L.P.

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.

Global: Most Viewed Alternatives Firms March 2020
  Firm Name Firm's Most Viewed Product
  Bridgewater Associates, LP Bridgewater Pure Alpha 18% Volatility Strategy
  AQR Capital Management LLC DELTA Strategy
  Renaissance Technologies LLC Renaissance Institutional Equities Fund (RIEF) LLC
  Wellington Management Company LLP Archipelago Partners, L.P.
  BlackRock Equitized Global Market Neutral
  Man Group Man AHL Dimension Programme
  Marshall Wace LLP Marshall Wace - MW Eureka Fund
New Owl Creek Asset Management, L.P. Owl Creek Overseas Fund, Ltd.
New Winton Capital Management Ltd. Winton Trend Fund (UCITS)
New Neuberger Berman Long Short Fund

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.

Regional: Most Viewed Alternatives Products in March 2020
Investor/Consultant Location Most Viewed Products by Region
Africa/Middle East P/E Investments: FX Strategy Standard
Asia ex-Japan BlackRock: Equitized Global Market Neutral
Europe ex-UK Marshall Wace LLP: Marshall Wace - MW Eureka Fund
Japan Nomura Asset Management: Nomura Global Alternative/ Smart Premium/ Standard Type (JPY) (C610041)
United Kingdom Sirios Capital Management L.P.: Sirios Capital Partners II, L.P.
United States AQR Capital Management LLC: DELTA Strategy

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

Regional: Most Viewed Alternatives Firms March 2020
Investor/Consultant Location Most Viewed Firms by Region
Africa/Middle East Bridgewater Associates, LP
Asia ex-Japan BlackRock
Europe ex-UK Wellington Management Company LLP
Japan Nomura Asset Management
United Kingdom Owl Creek Asset Management, L.P.
United States AQR Capital Management LLC

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.

Rising Alternatives Products March 2020 vs. Prior 12 Months
  Rising Product's Firm Name Rising Product
New P/E Investments FX Strategy Standard
New Allianz Global Investors AllianzGI Structured Alpha 1000
New BlackRock Equitized Global Market Neutral
New Owl Creek Asset Management, L.P. Owl Creek Overseas Fund, Ltd.
New Winton Capital Management Ltd. Winton Trend Fund (UCITS)
New Neuberger Berman Long Short Fund
New Renaissance Technologies LLC Renaissance Institutional Diversified Alpha Fund (RIDA) LLC
New UBS Asset Management Nineteen77 Global Multi-Strategy Alpha (managed by UBS O’Connor LLC)

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.

Global: Rising Alternatives Firms March 2020 vs. Prior 12 Months
  Firm Name Firm's Rising Product
New Owl Creek Asset Management, L.P. Owl Creek Overseas Fund, Ltd.
New Bridgewater Associates, LP Bridgewater Pure Alpha 18% Volatility Strategy
New Magnetar Capital LLC Magnetar Systematic Multi-Strategy Fund LLC
New Allianz Global Investors AllianzGI Structured Alpha 1000
New LIM Advisors Limited LIM Asia Multi Strategy Fund
New Neuberger Berman Long Short Fund
New Renaissance Technologies LLC Renaissance Institutional Diversified Alpha Fund (RIDA) LLC
New Wellington Management Company LLP High Haith Partners, L.P.
New P/E Investments FX Strategy Standard
New Shannon River Capital Management LLC Shannon River (FKA Doonbeg) Ltd.

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.


© The Sortino Group Ltd

All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency or other Reprographic Rights Organisation, without the written permission of the publisher. For more information about reprints from AlphaWeek, click here.