AlphaWeek

19 March 2026 Public Jon Stein Submitted by on 19 March 2026 At a recent hedge fund conference, which our team attended primarily to meet new managers, we also spoke with institutional allocators. We were surprised to hear both groups express a common concern: the potential “unwinding” of illiquid assets, particularly private credit.

Submitted by on 3 February 2026 Because the investment management industry combines low barriers to entry with the potential for incredible rewards it attracts the best and brightest. So, the best way for aspiring hedge fund managers to maximise this potential is to own a fund management business, right? No. The odds are firmly stacked against most emerging managers because the industry is now exceptionally competitive.

Submitted by on 18 November 2025 For its examination of October, the following highlights five of the various style categories that Kettera covers. Systematic Trend Long term trend programs were positive in October, primarily supported by gains in long equity index positions in the US and Asia (Japan). FX was the second-best performing sector, led by long USD positions vs. G10, most notably the JPY, as the USD rallied over 4% versus the yen.

Submitted by on 14 October 2025 The numbers tell a story that institutional allocators can no longer afford to ignore. Climate action requires a threefold increase in annual investment flows from approximately $2trn in 2024 to an average of at least $6.3trn annually between 2024 and 2030, and a nearly fivefold increase to $9.2trn annually from 2031 to 2050 to avoid the worst impacts of climate change.

Submitted by on 13 October 2025 For its examination of September, the following highlights four of the various style categories that Kettera covers. Systematic Trend September was primarily dominated by two strong trends: rising precious and base metals, and rising global equity indices. Most of the long-term trend programs that we follow fully captured both, leading to a very strong positive month.

Submitted by on 17 September 2025 The following highlights four of the various style categories that Kettera covers. Discretionary Global Macro In August, discretionary global macro managers generally performed well, with many profiting from concentrated trades in metals, rates, and (certain) currencies.

Submitted by on 15 August 2025 For its examination of July, the following highlights four of the various style categories that Kettera covers. Systematic Trend Systematic long term trend followers were positive in July with some rather consistent performance attribution across programs. Equity index trading was positive with long exposures in the US, particularly tech-heavy indices such as Nasdaq, and Europe.

Submitted by on 17 July 2025 For the month of June, the following summaries highlight four of the ten style categories that we track. Systematic Trend Programs Long term trend following programs were generally higher in June although some programs still put up negative numbers, prolonging their performance drought. Positive programs were short US dollar vs. G10 (particularly GBP and Euro) and commodity currencies (MXN, BZL, CAD).

Submitted by on 14 July 2025 Financial markets trigger words like sell-off, liquidity risk, and volatility have been trending throughout 2025. Some have been using more welcoming terminology to counteract their distaste, like deregulation, private credit expansion, and democratization of private markets.

Submitted by on 1 July 2025 Credit default swap (CDS) indices are highly liquid, centrally cleared standardised contracts for gaining exposure to corporate credit risk, with average daily volumes of $149bn so far in 2025 (based on J.P. Morgan data). While many market participants buy protection on CDS indices in order to hedge credit risk, selling protection on CDS indices can be an effective way of generating income in credit markets with a high degree of liquidity and diversification.