Trend hedge funds come out winners in bond market rout
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They stand out as winners from the latest bond selloff, with bond yields from the United States to Germany this week hitting multi-year highs as concern about elevated interest rates and high debt levels took hold, derailing stock markets in turn.) index tracking the average performance of 20 of these funds posted a positive 2.3% performance average for this year up to Oct. 4, up from negative 4% in March of this year.
AlphaSimplex is a $7.9 billion trend following hedge fund. These funds use computer algorithms to find where markets might move and initiate trades which jump on for the ride, up or down. The failure of Silicon Valley Bank in March sent investors flying to safety, sparking the biggest three-day plunge in short dated U.S. Treasury yields since 1987.The Virtus AlphaSimplex Managed Futures Strategy fund was down about 2.5% year to date as of Oct. 5, recovered from its negative 10% performance in March, according to Morningstar.
One of these more diversified funds, the AQR Alternative Trends Strategy, had a positive 13.1% return for the year as of the end of September.
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