Fri, Sep 25, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Australian Fund Monitors Hedge Fund Index outperforms equities in last twelve months

Monday, July 02, 2012

Benedicte Gravrand, Opalesque Exclusive:

June 30th is the end of the financial year in Australia, and the last trading day is today. However, Australian investors who invest equities may find it difficult when looking at realised gains, as listed equities have not done so well, reports Chris Gosselin in the latest Australian Fund Monitors Pty Ltd release received by Opalesque.

Indeed, the ASX200 went down around 10.70% in the last 12 months, and down almost 40% since early November 2007. The major Australian stock market index is currently at around 4,094, down 1.3% YTD. (Historically, from 1992 until 2012, the S&P/ASX 200 averaged 3445, reaching an all time high of 6828 in November 2007, and a record low of 1358 in November of 1992, according to Trading Economics.)

This compares to the Australia Fund Monitors (AFM) hedge fund index of all funds, which fell 1.7% (est.) over the past 12 months (after losing 2.6% (est.) in May 2012), but is up around 7% since November 2007 (assuming June performance is in line with the market). Apparently, from January 2003 to December 2011, AFM’s index of equity hedge funds (excluding Fund of Funds) provided an annualized return of 17%.

"At a time when much of the smart money is heading for the safety of cash or term deposits......................

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. Investing: Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says, Pandora tops world's best-performing market as hedge funds exit, What Bill Ackman is investing in now[more]

    Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says From Business Insider: Credit Suisse on Thursday trimmed its overweight rating for tech stocks, recommending investors be more selective with their sector picks. Crowding in tech giants and the stocks&#

  2. Investing: Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan, Here's what investors with $3.4tn are buying during covid, An energy trader seeks profit from batteries in European markets, Hedge fund ARCM to sell $200m of Premier Oil debt[more]

    Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan Third Point LLC acquired new stakes in Facebook Inc. and Chinese e-commerce companies Alibaba Group Holding Ltd. and JD.com Inc. during the second quarter of 2020 as it divested positions in Sony Corp. and drugmaker

  3. PE/VC: Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise, Aberdeen's Bonaccord teams up with CAZ to buy stakes in private markets managers, The role of private equity in economic recovery from Covid-19[more]

    Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise From Institutional Investor: New research suggests private-equity-owned firms respond differently to financial distress - and that the resulting performance "cannot be replicat

  4. Opalesque TV: Meet a Swiss fund manager who hedges with a difference[more]

    B. G., Opalesque Geneva: There is a quant manager in Zurich that does things a little differently, which has helped a lot so far this year. ICON Asset Management, which was mentioned in the

  5. Franklin Templeton creates new unit with QS Investors[more]

    Laxman Pai, Opalesque Asia: Franklin Templeton will combine recently acquired QS Investors, a Legg Mason subsidiary, with Franklin Templeton Multiasset Solutions (FTMAS) business into a single consolidated unit. Effective Oct. 1, the combined business, called Franklin Templeton Investment Sol