Portable alpha mechanisms are gaining renewed interest among institutional investors. By combining capital-efficient beta replication with uncorrelated alpha sources, these structures aim to

Conventional hedge fund classifications, as taught by bodies such as the CFA Institute and CAIA, are based on asset managers’ investment techniques, processes and instruments: equity hedge,

‘Energy transition’ tailwinds should, it is often argued, boost the prices of particular commodities in the years ahead.

A growing roster of hedge funds now offer tail protection—positive performance in down markets—but with an all-weather profile to avoid losses during benign periods. This type of Long Volatility

Equity Market Neutral (EMN), valued at around US$50 billion, is a niche and distinct fragment of the broader Equity Long/Short family, currently estimated to be worth US$1.1 trillion. This pure

Amid macroeconomic shifts and changes in the investment industry, fees and alignment of interest require fresh attention. This Investment Management Fees report considers the latest fee data and

Although two years have now passed since the Federal Reserve started rapidly hiking interest rates, the likelihood that your hedge fund manager will have a ‘hurdle rate’ for their performance

This report provides a concise introduction to the investment characteristics of carbon compliance credits and the growing use of this emerging asset class by hedge funds, traditional asset

Pension regulators around the globe are sending clear messages that investors must strengthen their operational frameworks and that trustees can be held accountable if they do not.

Increasingly troubling news—from wildfire damage to sea temperature anomalies—continues to remind us about the urgency of action on climate change.

Powerful forces have supported the growth and evolution of multi-manager models for ‘alternative’ investing over the past fifteen years.

Next month will mark five years since Velliv (formerly Nordea Liv and Pension, Denmark) left its parent company—the banking group Nordea—to forge a new identity as a member-owned pension

Multi-strategy hedge funds are currently under the spotlight following recent strong performance. However, with more than 1000 providers now self-defining themselves as ‘multi-strategy hedge

Equity long/short strategies are ahead of the curve on ESG and carbon emissions versus their hedge fund counterparts in other strategies–thanks largely to the groundwork laid by the long-only

Fewer than a quarter of institutional asset owners invest directly in commodities, according to the latest bfinance Global Asset Owner Survey. Most do not have explicit exposure to this famously

‘Divergent’ or ‘convex’ hedge fund strategy indices posted average returns of nearly 10% through the first three quarters of 2022. Even small allocations to these strategies have provided

Global macro hedge funds have produced outstanding returns through recent turmoil in equity and bond markets. An educational briefing covers strategy types, asset allocation approaches,

Hedge fund portfolio construction has changed. This brief paper outlines key considerations for developing ‘liquid alternatives’ portfolios.

Global deal-making has soared since January, with the value of announced mergers and acquisitions exceeding $2.4 trillion through the end of May.

Hedge fund managers have long defied the asset management industry’s drive toward greater consideration of ESG-related investment factors, but investors’ shifting priorities are sparking