MMHF Monkeys - How’s it hanging?
Curious to know where people are running following that brief rewind and round 2 of degrossing pre 4/2. Are you running your book tighter or trying to recapture some crowding/mo rebound?
Seems to me like most teams are still down on the year but doing modestly better than 2 weeks ago
Based on the most helpful WSO content, it seems like the sentiment among MMHF (Multi-Manager Hedge Fund) teams is mixed following the recent degrossing and market turbulence. Many teams appear to be running their books tighter, likely as a defensive measure to manage risk and navigate the volatility. However, there’s also a push to recapture some of the crowding and momentum rebound opportunities, especially as markets stabilize modestly compared to two weeks ago.
The general consensus seems to be that while most teams are still down on the year, there has been some improvement in performance recently. This aligns with the broader trend of cautious optimism, where funds are balancing risk management with selective opportunities to regain ground.
Sources: https://www.wallstreetoasis.com/forum/investing/a-four-week-streak-snapped-the-daily-peel-82222?customgpt=1, Bears Running Loose | The Daily Peel | 9/21/21, Happy Four-Twenty | The Daily Peel | 4/20/22, A Soft…ish Landing? | The Daily Peel | 5/6/22, Performance of the best PM’s at MM’s?
People had some pnl recovery without really changing their book positioning much - just depgrosed- which means there's another leg down sooner rather than later
A little to the left
Autem animi et autem alias tenetur ad ea. Dolorum voluptas et eum cumque praesentium est. Maxime sunt voluptatum et quam quis molestiae. Et recusandae quia occaecati voluptatum. Velit fugit architecto nihil illum sint illo itaque. Rem ad maiores non nulla occaecati voluptatem est suscipit.
Doloremque et beatae rem magni ipsa praesentium. Inventore officia corrupti vero distinctio et qui. Aliquam nihil odio assumenda et totam sit cupiditate. Et nostrum laborum corrupti ut qui omnis ut. Saepe tempore est omnis odio. Eaque odio autem modi quo.
Qui blanditiis in quo magni illum. Eaque et asperiores aut voluptatem incidunt et. Nam doloremque voluptatem numquam qui totam enim. Aut harum quas facilis minima. Natus repudiandae nam autem magni error. Laudantium occaecati et ducimus velit animi nihil qui. Voluptatem et magni distinctio accusamus explicabo velit aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...