Sat, May 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

September summary from FRM finds hedge funds holding their own despite frustrating markets

Friday, October 05, 2012

Opalesque Industry Update - The latest 'Early View’ from FRM, Man Group’s $19.5 billion fund of hedge funds and managed accounts business, finds that September wasn’t too hard on hedge funds with the sector posting positive performance over the month as the HFRX Global Hedge Fund Index rose 0.4% (as at 28 September). The report says: "There was an uptick in risk levels across both discretionary and systematic strategies following the ECB announcement on 6 September. The increase was, however only slight, e.g. the average margin-to-equity ratio for medium to longterm Managed Futures increased from 15% mid-month to 17% by the end of the month."

A differentiator for performance was the degree of market beta for both Equity and Credit managers. "In Equity Long-Short, long bias managers tended to outperform despite giving back some gains towards month-end" the report says. "The early data for September suggests that the slight increase in risk levels differed by region with US managers typically increasing gross and net exposures more than their European counterparts. In terms of positioning, managers generally lifted their shorts as the month progressed and added to core longs."

FRM believes that credit managers are likely to end the month in positive territory. "The best returns, that we have noted so far, come from Structured Credit managers who benefitted from the amalgamation of positive technical......................

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. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  2. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  3. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  4. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the

  5. AI-based hedge fund brings machine learning investing to masses[more]

    Komfie Manalo, Opalesque Asia: Machine learning-based hedge fund firm Greyfeather Capital is trying to bring artificial intelligence investing to the masses with its plan to expand beyond the limited reach of the alternative investments space. "We're excited to bring AI technology to traditio