Fri, Apr 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds post negative returns in October - eVestment

Wednesday, November 07, 2012

Bailey McCann, Opalesque New York: Hedge funds fell an average of 0.34% in October 2012, their first losing month following four consecutive months of positive performance, according to new research from eVestment. Credit strategies continued to post positive returns for the ninth straight month, accounting for much of the gains within the industry. The largest losses were posted by managed futures and commodity funds in step with the extensive declines across the commodity price spectrum, and with strength in the EUR vs. USD.

Many funds fell as their equity and commodities exposures went negative. For larger funds though there was one bright spot, large equity focused funds reporting for October outperformed the S&P by an average of more than 150bps during the month. Funds targeting mortgage related securities appear to have posted another positive month in October, meaning they have been up every month this year and back to November 2011. Mortgage strategies have returned an average of nearly 17% in 2012.

In a separate report examining the overall performance of statistical arbitrage strategies from the firm, research authors note that statistical arbitrage has underperformed relative to the rest of the hedge fund industry in 2012. Funds were down 0.2% in Q3 and up only 0.9% YTD through September. The group sustained losses during Q2 when equity markets fell, and again in August and September when equity markets rose. The group has had net outflows in nine of th......................

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Opalesque Exclusive: Ex-Millennium manager to launch global macro hedge fund on 2 May[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Markus Thielen left his London job last year to start a global macro hedge fund in Hong Kong, where he first moved in 2004. He is now the chief investment off

  3. Performance - Blackstone profits plunge 77% as performance fees dive, Hedge fund stars' fortunes hostage to market swings, Hedge fund manager goes from billionaire to millionaire in profits plunge, Hedge funds biggest losers in SunEdison's 'magic money machine'[more]

    Blackstone profits plunge 77% as performance fees dive From FT.com: Blackstone, the world’s biggest manager of alternative investments from private equity to real estate, suffered from sharply lower performance fees amid turbulent markets in the first three months of the year, even as it

  4. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  5. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to