It may be a shift in sentiment following a year that showed human stock pickers proving their mettle in a global crisis.
Higher Park will create its portfolio based on the efforts of thousands of people evaluating tens of thousands of companies.
Supersized funds are failing clients as market upheaval theoretically should pose an unprecedented chance to make money.
The fund is predisposed toward hedging the next big crash while generating capital over time.
The firm will waive its cut of some new clients’ profits until the value of its flagship fund reaches its previous peak.
Firms run by Ray Dalio, Michael Hintze, Adam Levinson and others suffered their worst-ever losses last month.
The returns extend a winning streak for the fund, which rose 9.3% last year.
The fund’s struggles last month come as some other fund strategies have performed better.
Central bank intervention has disrupted the boom-bust cycle, fueling passive investing at the expense of hedge funds and other active managers.
Chris Hohn is pushing portfolio companies to dramatically reduce greenhouse gas emissions and disclose their carbon footprint.
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