) year's top pick for hedge fund strategies is so-called macro, with U.S. President-elect Donald Trump centre-stage as investors bet on how global policy decisions will impact economic conditions and play out in financial markets.
Around two fifths of those surveyed aimed to invest in macro, the client note seen by Reuters said, adding that interest in government bond trading had fallen. Meanwhile, funds trading commodities and equities ranked second and third. Benjamin Low, a senior investment director at Cambridge Associates, said some Asia-based funds had explored small-scaled crypto investing, but nothing had come of it yet.
Nevertheless, attitudes are changing and many funds have updated their investor documents in the last couple of years to allow them to include crypto exposure, said Edo Rulli, CIO of hedge fund solutions at UBS Asset Management.