Stay the course and rebalance, it’s not that bad – SSgA

He predicts that many hedge fund managers will close down because they realise it is unlikely they will reach high-water marks, which are designed to allow investors to recover losses without having to pay performance fees until the original targets are reached.

He said that the impact of asset allocation rebalancing by disciplined pension funds would assist the recovery.

“I think we could end the year with the (US share) market at around the level of June or July,” he said.

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Blue skies and lawsuits power MLC Super returns higher

Global equities have driven most of MLC’s FY26 return so far, but its exposures to insurance-linked securities and “esoteric” credit have also put in the hard yards and helped the fund diversify beyond the AI thematic, according to chief investment officer Dan Farmer.

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