Sun, Dec 4, 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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released