The Index Revolution (Finally) Comes To Hedge Funds20220415101354
April 15, 2022
The index revolution in hedge funds is here! Well, actually, it arrived fifteen years ago -- but established allocators spent the first decade or so fighting it tooth and nail to prevent it from spreading and, in the process, tried their damnedest to convince everyone it couldn’t, wouldn’t or sh...
Did Morningstar Just Make The Case For Hedge Fund Replication?20210920153300
September 20, 2021
Morningstar in recently published reports makes the case for the “index-like” revolution in liquid alts. We strongly believe that only one strategy has demonstrated the potential to deliver on this: factor-based hedge fund replication....
How Hedge Funds Became The New Fixed Income Substitute20210908051816
September 8, 2021
Almost overnight, allocators started to swap out fixed income exposure for hedge funds. What’s driving this? Two trends: after large and sudden drawdowns in both 2020 and 2021, many allocators simply want out of traditional fixed income; meanwhile, with alpha back, hedge funds appear to have much...
Wrestling with the Hedge Fund paradox20210611155650
June 11, 2021
Absolut Alternative, a German periodical focused on institutional investors, asked DBi to write a comprehensive history of the liquid alternative space. This is the English version of an article titled, Herausforderung Hedgefunds-Paradoxon, that was published in May 2021....
With Inflation on the Horizon, How Can Retail Investors Protect Themselves?20210223092038
February 23, 2021
Managed Futures Strategies Might Hold the Key Legendary macro investor Stan Druckenmiller recently laid out a scenario where 4-5% inflation in the near term is possible or maybe even probable. Fiscal stimulus, the “biggest increase in pent up demand globally since the 1920s” and monetary st...
Dusting Off Graham and Dodd? Hedge Funds Say the Value Rotation is Real20210112155847
January 12, 2021
Have hedge funds bought into to the much-discussed value factor rotation that began in the Fall? The short answer is yes, in a big way. Strategies that replicate portfolios of hedge funds using factor models can determine how hedge funds are positioned today across major equity markets, and how thos...