eVestment's Top Hedge Funds In February 2021
Renaissance Technologies' Renaissance Institutional Equities Fund was the most viewed hedge fund on the eVestment platform in February, beating Select Equity Group's Cooper Square Fund - January's winner - into second place. 1060 Capital Management's 1060 Capital Opportunity Fund was third, up two spots from fifth last month.
Global: Most Viewed Alts/HF Products February 2021 | ||
Most Viewed Product's Firm Name | Most Viewed Product | |
New | Renaissance Technologies LLC | Renaissance Institutional Equities Fund (RIEF) LLC |
Select Equity Group, L.P. | Cooper Square Fund | |
1060 Capital Management | 1060 Capital Opportunity Fund, LP | |
New | J.P. Morgan Investment Management Inc. | JPM Global Macro Opportunities |
New | Water Island Capital, LLC | Water Island Credit Opportunities Fund |
New | Water Island Capital, LLC | The Arbitrage Fund |
New | Marathon Asset Management, LP | Marathon Securitized Credit Fund |
New | AQR Capital Management LLC | Style Premia Fund |
Echo Street Capital Management | Echo Street GoodCo Select Funds | |
New | 400 Capital Management LLC | 400 Capital Credit Opportunities Fund |
At the regional level, RenTec's REIF fund was the most viewed in the United States; Water Island Capital's Water Island Credit Opportunities Fund, which came in fifth in the overall product standings in February, was the most viewed by U.K-based eVestment subscribers; Man Group's Man AHL Evolution Program was most viewed in Europe ex-U.K; Vida Capital's Vida Longevity Fund was most viewed in Canada; IFM Investors' IFM Global Infrastructure (Canada), L.P was the most viewed in Asia ex-Japan; AQR Capital Management's Style Premia Fund took top spot in Australia; and J.P. Morgan Investment Management's JPM Global Macro Opportunities Fund was most viewed in Africa/Middle East.
At the firm level, Water Island Capital took first place in February after not even being in the top ten in January. The firm's Credit Opportunities Fund was their most viewed product but they placed two funds in the top ten overall, with The Arbitrage Fund coming in sixth place.
Global: Most Viewed Alts/HF Firms February 2021 | ||
Firm Name | Firm's Most Viewed Product | |
New | Water Island Capital, LLC | Water Island Credit Opportunities Fund |
New | Renaissance Technologies LLC | Renaissance Institutional Equities Fund (RIEF) LLC |
New | Bridgewater Associates, LP | Bridgewater Pure Alpha Major Markets |
AQR Capital Management LLC | Style Premia Fund | |
Select Equity Group, L.P. | Cooper Square Fund | |
New | IFM Investors Pty Ltd | IFM Global Infrastructure (Canada), L.P. |
New | Lighthouse Investment Partners, LLC | Lighthouse Diversified Fund, L.P. |
Man Group | Man AHL Evolution Programme | |
New | Marshall Wace LLP | Marshall Wace - MW Eureka Fund |
New | J.P. Morgan Investment Management Inc. | JPM Global Macro Opportunities |
Geographically, the firms which had the most viewed products were also the most viewed firms in the respective regions.
Select Equity Group's Cooper Square Fund was the biggest riser - those products which had the greatest absolute increase in the proportion of views they received of their alternative products from investors and consultants in the current month, versus the proportion of views they received in the prior 12 months as a whole - last month, moving up from second place in January. J.P. Morgan Investment Management's JPM Global Macro Opportunities Fund was second and Water Island Capital's Water Island Credit Opportunities Fund was third.
Global: Rising Alts/HF Products February 2021 vs. Prior 12 Months | ||
Rising Product's Firm Name | Rising Product | |
Select Equity Group, L.P. | Cooper Square Fund | |
New | J.P. Morgan Investment Management Inc. | JPM Global Macro Opportunities |
New | Water Island Capital, LLC | Water Island Credit Opportunities Fund |
New | Renaissance Technologies LLC | Renaissance Institutional Equities Fund (RIEF) LLC |
New | Marathon Asset Management, LP | Marathon Securitized Credit Fund |
New | Water Island Capital, LLC | The Arbitrage Fund |
New | Angel Oak Capital Advisors, LLC | Angel Oak Strategic Mortgage Income Fund, LP |
New | Acadian Asset Management LLC | Multi-Asset Absolute Return 6v Aggregate |
New | Great Point Partners | Biomedical Value Fund Core |
New | Schroder Investment Management Limited | Schroders Securitized Credit Fund |
© 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.