23095052321715661284394680

  Stone Mountain Capital - Alternative Investment Advisory
  • About
    • Partners
    • Ventures
  • Team
    • Oliver Fochler
    • Ashvin Chotai
    • Pascal Hasler
    • Alexander Rothlin
    • Claudio Calonder
    • Joaquin Abos
    • Alliances
  • Advisory
    • Corporate Finance
    • Solutions
    • Mandates
  • Research
    • Perspective Subscription
    • News
    • Awards
  • Contact
    • Privacy Policy
    • Anti-Bribery Policy
    • UK Stewardship Code
    • ESG Policy
    • Disclaimer
  • Login

alternative markets update april 2021

22/4/2021

 
Picture
​Hedge funds have had their best Q1 performance in more than two decades, despite the recently negative coverage caused by the Archegos collapse and the Gamestop short squeeze. Nevertheless, these negative events have not affected the performance numbers of hedge funds to a large degree. In particular, since hedge funds delivered a good performance in 2020, while mitigating the drawdown when Covid-19 emerged. As a result, hedge funds have seen increased inflows. Figure 1 shows the returns of hedge funds over the last year. Hedge funds lost less in Q1 2020, then they did not manage to keep up with the growth of the S&P 500 during Q2 and Q3 2020. However, since then, hedge funds performed equally or better compared to the S&P 500. Our equity strategy benchmark is down slightly in March 2021, largely driven by strategies focusing on tech and healthcare, which had a stellar 2020. Other strategies that struggled in 2020 are now the key drivers of the returns. The best equity strategy is up almost 17% in 2021.

Read More

alternative markets update Mid-April 2021

13/4/2021

 
Picture
​The interventions of central banks have been a major topic over the last year, aside from the surging stock markets and Covid-19. This is certainly justified, as the scale of the interventions are enormous. The common measure of lowering interest rates was not sufficient, and quantitative easing in form of money printing and purchases of treasuries went way further than the during the GFC. Figure 1 shows the liquidity injections of central banks across the world. These injections were certainly one of the core reasons why the stock markets surged to that extent. Figure 2 shows the extent of the liquidity provision of the FED during the outbreak of Covid-19 from March 1st to April 20th in 2020. Within almost a month, the FED bought bonds worth almost $2tn. These interventions caused the FED to now being the largest holder US Treasuries. As emphasized before, this development applies to many other countries, albeit to a lesser extent. In Figure 3, it shows the holders of UK gilts over the last 30 years. Starting in 2008, BoE started buying UK gilts and is now as well the largest holders of them.

Read More
    British Pound Exchange Rate
    Tweets by @stonemountainuk
    Tweets by @stonemountainch
    Tweets by @stonemountainae
    Tweets by @stonemountaincp
    Tweets by @stonemountaincp
    Tweets by @OliverFochler
    Tweets by @ChotaiAshvin
    Tweets by @hasler_pascal


    ​Archives

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    April 2019
    January 2019
    November 2018
    August 2018
    May 2018
    February 2018
    December 2017
    November 2017
    October 2017
    June 2017
    March 2017
    February 2017
    January 2017
    November 2016
    October 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015

    Categories

    All
    Bitcoin
    Blockchain
    China
    Corporate
    Credit
    Cryptocurrency
    CTA
    Direct Lending
    Emerging Markets
    Equity
    ETF
    Ethereum
    Fund Of Hedge Fund
    Global Macro
    Hedge Fund
    Index
    Middle Market
    Private Debt
    Private Equity
    Rating
    Real Estate
    Risk Premia
    SME
    State Owned Enterprise
    Stocks
    UCITS
    Venture Capital
    VIX
    Volatility
    VSTOXX

    RSS Feed

PRIVACY POLICY
ANTI-BRIBERY POLICY
UK STEWARDSHIP CODE
CONTACT
DISCLAIMER
ESG POLICY
Picture

​Stone Mountain Capital LTD is authorised and regulated with FRN: 929802 by the Financial Conduct Authority (‘FCA’) in the United Kingdom. 
The website content is neither an offer to sell nor a solicitation of an offer to buy an interest in any investment or advisory service by​
Stone Mountain Capital LTD and should be read with the DISCLAIMER.
© 2023 Stone Mountain Capital LTD. All rights reserved.
  • About
    • Partners
    • Ventures
  • Team
    • Oliver Fochler
    • Ashvin Chotai
    • Pascal Hasler
    • Alexander Rothlin
    • Claudio Calonder
    • Joaquin Abos
    • Alliances
  • Advisory
    • Corporate Finance
    • Solutions
    • Mandates
  • Research
    • Perspective Subscription
    • News
    • Awards
  • Contact
    • Privacy Policy
    • Anti-Bribery Policy
    • UK Stewardship Code
    • ESG Policy
    • Disclaimer
  • Login