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I would assume they are fine depending on their net exposure.
Cant imagine this is comfortable for them though - especially if net long. Lot of analysts probably feeling heat, given poor performance from last year as well.
not fine. many down mid-teens halfway through the month. not just limited to tiger cubs
elaborate please
Go long cloud software, have some sort of hedge for downturns, get capital locked up for as long as you can, profit. Baffling that these guys can manage to pick a couple of the shittiest tech stocks around when if you just bought a basket a couple years ago you would be in retirement zone.
Anyone have any color on other firms across the street? From what I can tell big MMs are down low single digits
wonder how they hedge their privates. cuz those privates definitely wont be getting the same valuations they were marked at 6 months ago
Just don't seek additional funding. Problem solved.
Serious question - do funds not actually have to do quarterly (or some other periodical) valuations for their private investments, similar to PE funds?
Sad when most hedge funds literally can’t beat the S&P 500.
The point of a hedge fund literally isn't to beat the S&P500. It's supposed to provide uncorrelated returns to the market.
The point of a hedge fund is to make money. Period.
i guess as long as you keep finding new suckers to invest in your 2 & 20 fund, who cares what your returns are.
clearly the vp in IB is the authority on this subject, not the hedge fund analyst ... shutcho lame ass up boy
I’ve said this many times on many posts but many HFs are not around “to make money. Period”. They care about many other metrics in addition to return (and to be clear return is important). Many funds actually target a specific amount of risk and a specific amount of return, as opposed to “make as much as possible”. Clients know this when they invest and expect this over time. So you would expect many funds to be up this month regardless of the s&p (and this is true for some funds that I know of).
Yes of course. But let’s talk in generalities.
in general, or the majority of, hedge funds are long and people invest to make outsized returns. And at the end of the day most can’t beat the market
in sure some have bizarre or market neutral mission statements, but for most they are seeking alpha.
cmon man, you know I’m right.
No, because you are lumping all funds into equities. If you are speaking just of equity funds that run net long then sure. Alpha isn’t measured as return vs s&p. Just think of a multi asset funds that invest in bonds, FX, etc. there are many “flavors” of hedge funds and you are speaking about one subset and even then making sweeping generalities.
Me watching this debate as I’m aping into some shitcoins and minting a JPEG that some insta influencer will shill to the masses
After reading this whole thing, it’s absolutely amazing to see the mental gymnastics public investors use to try and argue that they aren’t usually losing their clients’ money at the end of the day.
No mental gymnastics required. Fund tells investors what return, risk, and other relevant metrics they can expect over time. In general (almost always), these should be better than the s&p and other passive investment options, I.e. mix of stocks and bonds, etc (key word over time not always point in time or in a given year). Investors decide if they want to allocate to that, if they believe in it, and of course periodically reassess to see if fund is actually doing what they say.
If you run a portfolio that is net long and is meant to track the s&p (and outperform) then you aren’t doing your job if you aren’t outperforming (over time).
But in general it is how I describe it. Lots of funds don’t do well and don’t survive. The ones that do, end up hogging up all the AUM (and those are the ones you keep hearing about and keep printing double digit returns no matter what year).
The same shitty take in every thread like this
dude no offense but you work in banking and no one has ever let you near a risk taking seat.
please go back to the other board where you can dick measure what college ppl went to or whatever people care about in banking. you do not know what you're talking about here
lmao
Stay in banking... clearly investing is not for you.
Lol,
Love it when people get mad at the simplest observations.
Almost as hilarious as the OP’s post which you all take so seriously. “Hey guys, are the some of the best hedge funds in the world ok?” Lol sad.
Shit is messy in the public equities world. Rotation, positioning, or whatever you want to call it is fucking everything up for discretionary equity books. Tough when popular HF longs are being liquidated constantly. And for the pods with the shorts, ouch. Lots of damage control given the size of the moves and the timing of it which only exacerbates things further of course.
Wrote in another thread while back the Macro boys are coming for you, angry for some years now. But anyone who thinks you can get out of this “net exposure” and no spillage come on. Remember these firms made money being levered. That said they survive fine not like first time this shit has happened.
We are okay. Up lsd ytd.
wtf how
trading is half the game. remember when danny and chase were trading in n out of chinese names? gotta buckle up and manage ur book
no
damn. how big is your fund? we're up a little but i'm starting to get worried
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