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巴克莱 · 2026/08/04

H2 2026 对冲基金展望

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H2 2026 对冲基金展望

投资者对对冲基金和量化投资策略(QIS)的兴趣处于历史高位,因为他们越来越寻求多元化、下行保护和更好的流动性。基于一项对代表340万亿美元管理资产的$8.7位投资者的调查数据,我们的战略咨询团队探讨了投资者在多个主题上的情绪。

对冲基金的配置兴趣已达到多年来的最高水平。

在接受调查的投资者中,QIS的兴趣创下历史新高。

多元化、低贝塔策略最受关注。

投资者仅对他们见过的对冲基金经理中的5%进行配置。

在对冲基金投资者中,单独管理账户的采用率持续上升。

“业绩仍然重要,但投资者正变得更加挑剔。如今能够吸引资金的管理人是那些能够将强劲回报与机构投资者日益期待的透明度和灵活性相结合的管理人。”

董事总经理,资本市场解决方案联席主管

Dal Pont先生是巴克莱资本市场解决方案部门联席主管,常驻伦敦。Dal Pont先生于2010年从英国保诚集团加入巴克莱,此前担任战略项目主管。在加入保诚之前,他曾在雷曼兄弟工作,先是在战略与企业发展部,然后在本金投资部门。Dal Pont先生职业生涯的前六年担任麦肯锡公司的顾问,为资产管理公司和其他金融机构提供咨询。Dal Pont先生拥有哥伦比亚商学院MBA学位和意大利博科尼大学经济学学位。

董事总经理,美国战略咨询主管

Stahler先生是巴克莱美国战略咨询主管。Stahler先生于2008年加入巴克莱,作为战略团队成员,参与投资银行部门的多个项目。在加入巴克莱之前,他曾在麦肯锡公司担任顾问,为资产管理公司和其他金融机构以及多种其他客户类型提供咨询。Stahler先生拥有纽约大学斯特恩商学院的MBA和学士学位。

副总裁,战略咨询团队

Agarwal先生是巴克莱资本市场解决方案战略咨询团队的副总裁,于2022年加入该团队。在加入巴克莱之前,他曾在澳大利亚联邦银行和西太平洋银行集团的战略与企业发展和咨询部门工作,并曾担任麦肯锡公司的顾问,为资产管理公司和其他金融机构提供咨询。Agarwal先生拥有达特茅斯学院塔克商学院MBA学位和印度理工学院工程学学士学位。

助理副总裁,战略咨询团队

Church先生是巴克莱资本市场解决方案战略咨询团队的助理副总裁,于2023年加入该团队。在加入巴克莱之前,他曾在NTT DATA担任业务战略顾问。Church先生拥有利兹大学管理学学士学位,并是特许另类投资分析师(CAIA)。

助理副总裁,战略咨询团队

Zaback先生是巴克莱资本市场解决方案战略咨询团队的助理副总裁,于2023年加入该团队。Zaback先生拥有圣母大学金融学学士学位。

请联系战略咨询团队获取完整报告。

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完整英文原文

Investor appetite for hedge funds and Quantitative Investment Strategies (QIS) is at all-time highs as investors increasingly look for diversification, downside protection, and better liquidity. Using data from a survey of 340 investors representing $8.7 trillion in assets under management, our Strategic Consulting team explores investor sentiment across a variety of topics.

Hedge fund allocation interest has reached its highest level in years.

QIS interest is at a record high among surveyed investors.

Diversifying, low-beta strategies are attracting the most interest.

Investors allocate to just 5% of hedge fund managers they meet.

Separately managed account adoption continues to increase among hedge fund investors.

"Performance still matters, but investors are becoming more selective. The managers attracting capital today are those that can combine strong returns with the transparency and flexibility that institutional investors increasingly expect."

Managing Director, Co-Head of Capital Solutions

Mr. Dal Pont is Co-Head of Capital Solutions at Barclays, based in London. Mr. Dal Pont joined Barclays in 2010 from Prudential PLC, where he was Head of Strategic Projects. Prior to Prudential, he was at Lehman Brothers, first in the Strategy and Corporate Development Group, and then in the Principal Investing division. Mr. Dal Pont spent his first six years of his career as a consultant for McKinsey & Company, advising Asset Managers and other financial institutions. ​ Mr. Dal Pont holds an MBA from Columbia Business School and a degree in Economics from Bocconi University, Italy.

Managing Director, US Head of Strategic Consulting

Mr. Stahler is the US Head of Strategic Consulting at Barclays. Mr. Stahler joined Barclays in 2008 as a member of the Strategy team working on various projects across the Investment Bank. Prior to joining Barclays, he worked as a consultant for McKinsey & Company, advising Asset Managers and other financial institutions as well as several other client types. ​ Mr. Stahler holds an MBA as well as a BA from the Stern School of Business at New York University.

Vice President, Strategic Consulting Group

Mr. Agarwal is a Vice President on the Barclays Capital Solutions Strategic Consulting team, which he joined in 2022. Prior to joining Barclays, he was in the Strategy and Corporate Development teams at the Commonwealth Bank and Westpac Banking Group in Australia, and a consultant for McKinsey & Company advising Asset Managers and other financial institutions.​ Mr. Agarwal holds an MBA from Tuck School of Business at Dartmouth and a Bachelors in Engineering from Indian Institute of Technology.

Assistant Vice President, Strategic Consulting Group

Mr. Church is an AVP on the Barclays Capital Solutions Strategic Consulting team, which he joined in 2023. Prior to joining Barclays, he worked as a Business Strategy Consultant at NTT DATA.​ Mr. Church holds a BA in Management from Leeds University and is a Chartered Alternative Investment Analyst (CAIA).

Assistant Vice President, Strategic Consulting Group

Mr. Zaback is an AVP on the Barclays Capital Solutions Strategic Consulting team, which he joined in 2023. ​ Mr. Zaback holds a BA in Finance from the University of Notre Dame.

Contact the Strategic Consulting team for the full report.

Please note, due to the volume of inquiries, we cannot respond to everyone.

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关键论点
  • 投资者对对冲基金和量化投资策略(QIS)的兴趣创历史新高,主要受多元化和下行保护需求驱动。
  • 分散化、低贝塔策略最受投资者关注。
  • 投资者高度挑剔,仅向所接触对冲基金管理人的5%进行配置。
  • 独立管理账户(SMA)在对冲基金投资者中的采用率不断提高。
风险
  • 投资者的挑剔性可能限制资金流入少数管理人。
  • 兴趣创历史新高可能导致热门策略过度拥挤。
  • 低贝塔策略在强劲牛市中可能表现不佳。