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Reuters
3 days ago
- Business
- Reuters
HEDGE FLOW Hedge fund investors want managers who trade macro, says SocGen survey
LONDON, May 30 (Reuters) - Hedge funds that trade on big macroeconomic market swings have become a top pick for investors, according to a Societe Generale ( opens new tab survey of 322 firms, against a backdrop of global markets roiled by tariff uncertainty and stop-start trade wars. Half of the respondents polled said they would consider putting their money into discretionary global macro hedge funds in the next 12 months, the SocGen survey conducted between November 2024 and May 15 showed. The private survey was sent to investors on Wednesday and was seen by Reuters on Friday. The number of respondents expressing interest in putting money into macro hedge funds rose by around 9% compared with the bank's last survey in autumn 2024, the report said. According to hedge fund research firm PivotalPath, global discretionary macro managers, not using systematic trading to come up with trade ideas, posted a return of around 7% on investment through April in 2025, compared with a flat performance by the wider universe of hedge funds. Investor interest in equity market-neutral funds also grew roughly 10% since SocGen's autumn survey, the report showed. These hedge funds trade a balance of stocks, trying to maintain a portfolio which neither positions them long nor short stock markets as a whole. A short bet expects an asset value to decline. While global macro hedge funds taking discretionary bets often top this survey, the investors queried by SocGen expressed their highest enthusiasm for the strategy in two years, the bank data showed. Crypto hedge funds garnered the least intent to invest from those surveyed, with just 6% of investors wishing to allocate to the strategy, the lowest proportion in two years. Interest in multi-strategy hedge funds ticked up, with roughly around a third of investors surveyed interested in systematic and fundamental multi-strategy funds, up 5% and 4% respectively since the same time last year. Multi-strategy hedge funds trade many different kinds of markets under one brand.
Reuters
06-03-2025
- Business
- Reuters
Investors seek to switch hedge funds, citing risk, performance and size, says IG Prime
LONDON, March 6 (Reuters) - Roughly a quarter of investors surveyed by IG Prime are looking to change which hedge funds invest their money, citing reasons including riskiness, poor performance and size, the prime brokerage firm said in a report on Thursday. Volatility in financial markets helped the performance of global hedge funds in 2024, lifting returns to an average of roughly 11% for the year, according to hedge fund research firm PivotalPath. So far in 2025, hedge funds have returned 1.3% in the year-to-date as of end-February, said PivotalPath. While 76% of the 51 institutional clients surveyed by IG Prime said they would keep their hedge funds, 24% said they would switch, the prime broker's 'The State of the Hedge Fund Industry' showed. Investors that wanted to move cited unhappiness over poor performance and concerns about how their hedge funds handled risk management, the report said. These investors also worried about size. Two fifths said they would look for a smaller hedge fund manager while a quarter said they would switch to a bigger but more capable one. Most said they were interested in hedge funds which trade stocks. Over a third said they preferred multi-strategy hedge funds, which have many different trading strategies under one roof. Only 8% have interest in commodity funds and those which trade derivatives based on market bumpiness, or volatility, said the report. here.
