Thu, Jan 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds gain in October despite cuts in equity exposures

Tuesday, November 29, 2011

From Precy Dumlao, Opalesque Asia:

Hedge funds advanced in October, reversing the two successive underperforming months of August and September. This came despite entering the month with reduced equity exposures, according to the latest data from industry Greenwich Alternative Investments, which manages one of the largest hedge fund databases across the globe. The Greenwich Investable Hedge Fund Index returned positive +0.92% last month and finished the third quarter up +0.70% (-3.36% YTD). The index was down -2.37% in September.

GAI Senior Vice President Clint Binkly said in a statement, "Most hedge funds entered the month with reduced equity exposure but still managed to capture upside moves during the month. In volatile periods most managers will elect to gear down their portfolio risk until they can be clear of market direction. That’s what we believe we saw in October. If market sentiment remains strong and Eurozone headlines becomes more encouraging, we would expect the magnitude of hedge fund returns to more closely resemble market moves."

According to GAI, the rebound in the global equity markets helped propel most hedge fund strategies to perform positively last month.

Over October, the Long-Short Equity Funds Index was the best relative performer, gaining 2.23%, compared to an advance of 10.26% in the MSCI ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised