Tue, Oct 17, 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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad