Purpose: We closely follow the daily and weekly PNL of invested hedge fund strategies, which is summarized in periodic hedge fund performance analysis. We frequently interview some of the most forward thinking, insightful investment professionals in the hedge fund industry. Hedge Fund Perspectives seeks to share the highlights.
In This Issue: Our inaugural Volume 1 Issue #1 covers a broad range of topics including Q1 2021 hedge fund results, 2020’s hedge fund highlights as well as current market themes. The Fed, Inflation, Commodities, China, Retail flows and violent market rotations are in focus. Much of our observations encapsulate wide consensus market themes, but John Normand, retiring cross-asset strategist at JP Morgan, provides a strong caveat on the pitfalls of market narratives.
“This is a potential pitfall of narratives: they can be too simple for an environment that is much more complex, and where more analytic effort should be spent exploring the nuance and the aberrations than in reiterating the storyline in the face of changing facts."
