Sat, Jun 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

AIMA chief executive celebrates vote of confidence in hedge funds from institutional investors

Monday, March 05, 2012

Beverly Chandler, Opalesque London: The first quarter AIMA Journal opens with an address from the association’s Chief Executive Officer, Andrew Baker, entitled 'In defence of hedge funds: institutional investors are giving a vote of confidence’.

In a spirited defence of the industry, Baker finds that while the latest hedge fund performance figures show the average fund was down nearly 5% in 2011, global shares, according to the MSCI All- Country World Index, were down 9.4% per cent in 2011. "2011 was a bad year for the global hedge fund industry, but many managers and strategies did well in very difficult circumstances" writes Baker, pointing out that actually much of the poor performance came late in the year, in the third quarter, when the industry was down 7% while the EU sovereign debt crisis was raging, but up for the rest of the year. "It is worth putting 2011 in context as one of three down years in the last 20 for the global hedge fund industry. During 1999-2010, the major hedge fund indices averaged overall returns (after fees) of more than 8 per cent per annum."

Baker finds that investors continue to express confidence in the industry. "Barclays Capital has just put out a report saying that investors may add about $80bn (£51.78bn) of net new capital to hedge funds globally in 2012, the most since 2007. More than half the investors surveyed by BarCap pla......................

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 Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider