The coronavirus pandemic shows hedge fund successes and failures – BeInCrypto

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Radical changes have occurred in almost all financial sectors since last month. Bonds, commodities, stocks and Bitcoin have experienced dramatic fluctuations in value during the corona virus crisis.

This situation has also affected hedge funds as the market has tested the suitability of various management investment strategies. While some people have seen dramatic losses from the virus, others have achieved excellent returns.

Corona virus crushes large hedge funds

A notable flaw is the PointState Hedge Fund, which is managed by Zach Schreiber. So far, the fund has already lost 9.5% this year, so investors who want to repay their funds are not taken into account.

In fact, the company has already requested a total of $ 2.1 billion this year and has forecast an additional $ 640 million in the coming times. This is more than half of the $ 5 billion in assets under management.

The recalls were so dramatic and quick that the company was unable to meet all requests. In an investor newsletter for March it said: “The vast majority of redemptions from each investor are expected to be paid in cash in early April. Given the volatility in world markets, we cannot currently provide the exact percentage of each investor’s repayment to be satisfied in cash. “

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Brevin Howard rises

However, other funds have had a completely different first quarter. For example, Brevin Howard’s macro hedge fund managed by Alfredo Saitta, Fash Golchin, and Minal Bathwal achieved record performance in March.

Investors saw an impressive increase of 17.01% in March, which corresponds to a total annual return of 21.6%. Monthly returns almost doubled the company’s previous high in January 2008, when it rose 9.89%.

The company’s focus on the markets, along with other similar funds, has held assets in fixed income positions. The company had also bet on the appreciation of the dollar and gold and shortened the measures affected by the collapse of the market due to COVID-19.

Fund founder Alan Howard hit the headlines last year when he announced a $ 1 billion hedge fund focused on cryptocurrencies. This fund, signed by Howard Elwood Asset Management of Great Britain, caused a stir in the cryptocurrency community by targeting institutional investors.



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As a leading blockchain and fintech news company, BeInCrypto always strives to comply with strict editorial guidelines and the highest journalistic standards. With this in mind, we always encourage and encourage readers to do their own research into the information contained in this article. This article is intended as news and is for informational purposes only. The topic of the article and the information provided may have an impact on the value of a digital or cryptocurrency asset, but is never intended. Likewise, the content of the article and the information contained therein do not intend and do not intend to provide sufficient information for a financial or investment decision. This article is not expressly intended as financial advice, it is not financial advice and should not be construed as financial advice. The content and information in this article have not been prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making an investment decision. The author of this article may have any amount of Bitcoin, cryptocurrencies, other digital currencies, or financial instruments at the time of writing, including but not limited to those contained in the content of this article.

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