Mon, Apr 27, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner