Hedge Funds

SEB seeks alpha recovery outside equity strategies


While last year was driven by beta, SEB Asset Management continues to look for non-correlated strategies with an emphasis on commodity trading advisers after unwinding its equity long/short holdings last year as correlation with global stock markets increased among hedge funds, according to firm’s latest outlook on hedge funds.

Strategies such as relative value have decreased its correlation to stock markets, while macro and CTA strategies have increased their correlation. SEB expects that its interest in trend following CTAs may be reduced, which might influence the resources the firm puts into developing the systematic strategies it uses as