FILE PHOTO: FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange in New York City, United StatesLONDON - A fresh rout in government bonds has sparked alarm across world markets, battering equities. Yet in one corner of the hedge fund world, there's a sigh of relief.
A Societe Generale 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.
To manage the risk, the hedge fund's computer systems refocused its portfolio to benefit from the differences in values found in currencies and agricultural markets. The hedge fund still maintains a smaller short fixed income position.Instead of shrinking positions, some have diversified their holdings.
"We did this in order to capture trends in more places and to be less dependent on the price action on the bigger, more widely traded markets," said Ooi.
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