2018 has been a difficult year for hedge funds and by some measures the asset class had its worst performance since the Global Financial Crisis (GFC). While Highbridge Multi-Strategy Fund (HMSF; the Company) was not able to avoid a negative return in 2018 (its first losing year since launching in 2006, with a NAV return of -2.0%), its NAV performance was significantly better than that of the average hedge fund and, of course, stock markets. This outperformance supports the Company’s assessment, that it has a competitive advantage in an environment of high market volatility, and that HMSF can provide stability to a portfolio of other investments, if included, during periods of turbulence.
04 Feb 2019
Set to exploit market volatility and dislocations
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Set to exploit market volatility and dislocations
Highbridge Tactical Credit Fund (HTCF:LON) | 0 0 0.0% | Mkt Cap: 55.8m
- Published:
04 Feb 2019 -
Author:
Martin McCubbin -
Pages:
15
2018 has been a difficult year for hedge funds and by some measures the asset class had its worst performance since the Global Financial Crisis (GFC). While Highbridge Multi-Strategy Fund (HMSF; the Company) was not able to avoid a negative return in 2018 (its first losing year since launching in 2006, with a NAV return of -2.0%), its NAV performance was significantly better than that of the average hedge fund and, of course, stock markets. This outperformance supports the Company’s assessment, that it has a competitive advantage in an environment of high market volatility, and that HMSF can provide stability to a portfolio of other investments, if included, during periods of turbulence.