Wed, Sep 3, 2014
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius