Inside the State of the Hedge Fund Industry

The transcript discusses the challenges faced by managers in a changing market environment, particularly in M&A and healthcare sectors. It highlights the impact of policy interventions on macro strategies and the risks associated with event-driven strategies. Opportunities in structured credit and cash flow strategies are identified, with a focus on instruments like mortgage-backed securities. The discussion also covers the impact of recessions on these strategies and the importance of risk management.

What factors contributed to the underperformance of certain investment strategies in the past year?

What role do policy interventions play in the performance of macro strategies?

Why is the opportunity set for activists and event-driven investors considered less favorable today?

How has the peak in M&A affected returns for investors?

How do economic conditions impact the performance of cash flow generative strategies?

What are the characteristics of structured credit that make it appealing in the current market?

What is the significance of housing market trends in relation to structured credit investments?