Thu, Aug 17, 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. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Other Voices: Crisis risk offset; about time?[more]

    This article was authored by Russell Barlow, global head of hedge fund solutions at London-based Aberdeen Asset Management. Like the ubiquitous force of gravity, when financial markets rise they must fall. The quest

  3. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  4. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  5. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos