Sun, Apr 30, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Despite largely flat March hedge fund performance, FRM is quietly confident of better times ahead

Wednesday, April 11, 2012

Beverly Chandler, Opalesque London: Looking back on March hedge fund performance, hedge fund investment specialists FRM found that hedge fund performance across the board was largely flat with returns varying considerably through strategies. In FRM’s Early View the firm quotes the HFRX Global Hedge Fund Index as ending March 0.02% lower.

The firm found that some of the technically-oriented managers produced some of the best returns over the month. FRM says: "The decrease in correlations, both between and within asset classes from their highs at the end of 2011 has been helpful to the run of good returns from Equity Statistical Arbitrage managers".

Other out-performers included Equity and Long Short Credit managers with net exposures at the lower end of the spectrum who were rewarded for their caution. March saw managers not materially increasing their net exposures, as any increase that took place in February was generally taken in at the start of March, FRM says. But gross exposures were tactically increased. "The notable exception was in Asia where managers decreased gross exposures while navigating the sharp sector reversal in the region from cyclicals into defensives. Rhetoric from managers in the region suggests that there is now broader acceptance of a slowdown in China than there had been in previous months".

Systematic Trading managers had the worst time in M......................

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: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1[more]

    Komfie Manalo, Opalesque Asia: Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintain

  3. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob

  4. Regulatory - 'Fist bumps' at hedge funds over Trump's tax plan[more]

    From Reuters.com: U.S. hedge fund managers began warming to President Donald Trump soon after his surprise election ignited a powerful stock market rally. Now, his dramatic tax cut plans give them even more reasons to cheer. Trump, looking to make good on pledges for sweeping tax reform, on Wednesda

  5. Investing - Some of the world's biggest hedge funds think private equity stocks are cheap, International stock funds attract $1.8 billion post-French election, ValueAct unveils interest in KKR as firm shows earnings beat[more]

    Some of the world's biggest hedge funds think private equity stocks are cheap From Forbes.com: As institutional investors pile into new mega-sized private equity funds, allowing firms like Apollo, Blackstone, Carlyle and KKR to raise record amounts of cash, much of this gush of money has