Hedge fund adviser Headstart Advisers posted stellar returns in 2020 as volatility returned to global markets, outpacing peers.
Headstart Advisers’ flagship fund posted its strongest ever annual return as it successfully navigated the market turmoil in March 2020 when the global pandemic roiled markets. The fund then captured the rebound in the latter half of the year finishing the year up over an estimated 20 per cent.
Notably, the Headstart Fund of Funds was up in both March and April 2020 when less than a fifth of all hedge funds made positive returns in both months. For March, Headstart Fund of Funds was up 1.65 per cent versus the MSCI World Equity Index which was down 13.47 per cent and the HFRI Fund of Fund composite Index which was down 7.63 per cent.
HeadStart Advisers’ CIO, Najy N. Nasser, says: “We have a track record of investing with the world’s premier hedge funds for over twenty years and across multiple cycles.
“The opportunity set for hedge funds is one of the greatest we have seen both on an absolute and especially on a relative basis.
“Uncertainty remains high from an economic perspective whilst market speculation is running rampant, a hallmark of late-stage cycles. This is leading to sustained, increased volatility and a fertile investment backdrop for hedge funds.
“Market opportunities definitely favour smaller managers like HeadStart who can nimbly both identify and then execute non-directional strategies.”