Sat, Nov 18, 2017
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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W