Fri, May 27, 2016
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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year