Karen Karniol-Tambour was formerly head of research at the hedge fund; Carsten Stendevad was previously chief executive at ATP.
Regional equity gains, as well as currency increasing against a declining US dollar, helped the asset classes surge in second quarter.
The world’s largest hedge fund took a long tilt in its positions leading up to the market dive, underestimating the coronavirus threat.
Hedge funds and other active strategies still play a role in diversifying risk in client portfolios, says firm’s Hyman.
It’s the second consecutive year of outflows in the industry as managers struggle to keep pace with the broader market.