Kettera Strategies Heat Map - January 2025
In January, discretionary global macro funds faced a complex environment roiled by U.S. policy shifts and geopolitical tensions
Hedge Funds Guest Articles
Hedge Funds Guest Articles
Contributed articles by experts from across the hedge fund industry
Kettera Strategies Heat Map - December 2024
Quant global macro strategies experienced mixed to positive performance in December. Like their systematic trend cousins, quant macro seemed to find its best opportunities in currency markets but challenging conditions in metals
Three Reasons the Future Is Bright for Merger Arbitrage
Despite some uncertainties, there are plenty of opportunities in under-researched areas where investors can be more than compensated for the risk they are taking
Kettera Strategies Heat Map - November 2024
Long term trend followers had a strong month in November, and the most interesting observation is how differently each program prospered. The one constant is that fixed income and interest rates was the laggard sector, negative for most programs
Seed Capital Options and Considerations for New and Emerging Hedge Fund Managers
The reduction in the availability of more typical seed capital has led to an increase in what might be referred to as ‘alternative’ seed arrangements
Kettera Strategies Heat Map - October 2024
Trend followers posted a negative October, with the clear underperforming sector being fixed income - both shorter-term rates and longer-term bond markets
Understanding Uncertainty in the Next Chapter for the Middle Kingdom
If investors had been investing in Chinese equities based on ‘fundamentals’, they would have been out of business a long time ago
Kettera Strategies Heat Map - September 2024
The discretionary global macro programs we follow were generally positive in September, primarily by being long fixed income and rates, short the US dollar on a highly anticipated Fed rate cut
Machine Learning and Markets
An adaptive quantitative model must distinguish between genuine changes in market dynamics and random noise to avoid overreacting and making poor investment decisions
Propelling Diversified Public-Private Strategies in the Era of Financial Convergence
Not only must firms gain control over their current operations with technology, but they must also be able to onboard new asset classes and strategies as they will inevitably emerge
Kettera Strategies Heat Map - August 2024
Long-term trend following programs suffered a difficult August, especially in currencies (long USD got slammed) and energies (long exposures did poorly)
Kettera Strategies Heat Map - July 2024
It was a challenging month for most trend following programs, as July was peppered with surprise developments
Enhanced Cayman Islands Beneficial Ownership Regime Now in Force
Investment funds registered with the Cayman Islands Monetary Authority (CIMA) will need to determine whether they will elect to take the "alternative route to compliance" or whether they will establish and maintain a beneficial ownership register
The Markets Dodged More Than Just a Bullet
At the most basic level, I think all the moves can be traced back to the most crowded trade in macro – the short Yen carry trade
Kettera Strategies Heat Map - June 2024
Longer-term trend programs finished the month mixed, although with more negatives than positives - pulling this strategy bucket down into negative territory
