Latest news with #AHLAlpha
Yahoo
2 days ago
- Business
- Yahoo
Hedge fund orders London-based analysts back to office five days a week
Man Group has ordered its London-based analysts to return temporarily to the office five days a week, as the world's biggest listed hedge fund seeks to recover from a period of poor performance amid Donald Trump's tariff war. Quantitative analysts working at Man AHL, the company's computer-run fund that aims to identify and follow momentum in markets, have been told they are expected to be in its offices daily until the end of July as part of an 'all hands on deck' project. The edict applies to about 150 staff in London, just under 10% of the overall group's 1,700 global employees, the Financial Times reported. 'Man AHL has asked its staff in London to work in the office five days a week for a three-month period to support an 'all hands on deck' cross-team research project,' the company said. 'While these cross-team initiatives are infrequent, experience has shown that a period of highly focused, in-person collaboration allows significant research progress to be made in a relatively short amount of time.' The company, which has been a champion of flexible working arrangements including working from home, said that its 'broader agile working policy remains unchanged'. Employees tend to be in the office three days a week, on average but this varies by role. Trump's destabilising tariff war has caused significant volatility in global markets, which has made it difficult for computer-based funds such as AHL to predict market trends. The company's most recent financial statement showed that the start of Trump's trade war in April wiped out all the group's assets under management gains of the first quarter. Its holdings were up $4bn (£3bn) in the first three months of the year but plummeted by $5.6bn in the first two weeks of April. The AHL Alpha programme, Man's institutional trend-following strategy, has lost 10% so far this year. Man Group's share price is down more than 30% over the past year. Man Group is the latest major financial services company to revisit its flexible working policies. Last month, BlackRock, the world's biggest asset management company, told its approximately 1,000 managing directors globally that they were expected to work from the office full time. The New York-based company told staff in 2023 that they had to go into the office at least four days a week. Earlier this year, JP Morgan Chase summoned all its workers back into the office. Jamie Dimon, the head of the bank, has long been a proponent of restoring pre-pandemic working patterns. Barclays also hardened its stance on remote working earlier this year, saying all staff should work from the office at least three days a week, up from two days.
Yahoo
5 days ago
- Business
- Yahoo
Factbox-Hedge funds lifted by stocks, stymied by bonds in May, say sources
By Nell Mackenzie and Summer Zhen LONDON (Reuters) -Hedge funds made gains in May on a weaker dollar and by exploiting market dislocations following April's global trade shock but faced losses in whipsawed commodities and fixed income markets, according to sources and bank research. Stocks bounced back last month as tariff worries ebbed while bond markets sold off as worries about high debt levels in big economies such as the United States and Japan resurfaced. Hedge funds globally returned a positive monthly return of 3% as of May 29, a JPMorgan prime brokerage note sent to clients on Friday and seen by Reuters on Monday showed. Industry returns were up 5% for the year so far, the note said. Stock picking hedge funds posted a 3% performance in May, while multi-strategy hedge funds trading many different strategies under one roof returned 2.5% and quantitative equity funds using systematic strategies returned 4.2%, the note said. Singapore's $1.1 billion multi-strategy hedge fund Arrowpoint Investment Partners benefited from exploiting markets roiled by tariff shocks and sees more arbitrage opportunities ahead, its chief investment officer told Reuters. Billionaire investor Cliff Asness's $135 billion hedge fund AQR Capital Management saw gains from stock selection and corporate arbitrage in its Apex Strategy, which returned a 2.4% May return net of fees, said a source. Systematic and trend following programmes that traded in stock markets were helped by their stock holdings. AQR's Helix Strategy, which follows market trends, was flat in May but has delivered a 7% return for 2025 through the end of May, as positive returns from stocks were offset by reversals across interest rate derivatives and trades which play differences across different bond tenors, said the source. London-listed Man Group's AHL Alpha fund returned a negative 2.19% for May and is down around 11% while its multi-strat fund had a positive May and has returned around 5% so far this year, said the fund's website. Systematic funds, which have limits on how much volatility their fund can tolerate have in recent months had to ditch trades, both losing and winning, even when the uncertainty roiling markets has been temporary, said an article written by portfolio managers at Man Group's AHL strategy in April. Fund/Hedge fund May return YTD return Dymon Asia Capital 3.3% 8% Arrowpoint Investment Partners ~3% AQR Apex Strategy 2.4% 10.6% AQR Helix Strategy 0.0% 7.0% AQR Delphi Long-Short Equity Strategy 1.8% 13.9% Man Group AHL Alpha Programme -2.19% -10.61% Man Strategies 1783 1.11% 5.35% Transtrend -5.42% -19.07% Mount Lucas Management -0.80% 2.55% Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
17-04-2025
- Business
- Wall Street Journal
With Tariff News Roiling Markets, Hedge Funds Find the Trend Isn't Their Friend
Turbulent markets have caught out trend-following investors—including funds run by Man Group, the world's largest listed hedge-fund firm. According to estimates from Man, which run through Tuesday: AHL Alpha, a flagship trend-following strategy, is down about 5.7% for April. That brings losses this year to nearly 9.9%. AHL Dimension, a multistrategy fund that incorporates trend-following algorithms, is down 5% this month, and 7% this year. AHL Evolution, which mostly follows trends in over-the-counter markets, has lost 5% in April and 9.4% this year. Trend-following funds aim to profit by latching onto and riding persistent market trends. That can get tough, however, when assets swing violently—and whipsaw moves in stocks, bonds, currencies and commodities have made life hard this year.
