Wed, Jan 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Fiscal cliff aversion creates final 2012 performance boost for hedge funds

Tuesday, January 08, 2013

Beverly Chandler, Opalesque London: Commenting on the December 2012 performance of hedge funds, Hedge Fund Research found that the last minute recovery in US equity markets, literally on the final trading day of 2012, in anticipation of legislation to avert the US fiscal cliff, created gains which offset losses from earlier in December and pushed most US equity indices into positive territory for the month.

December gains were strong in the Financials and Technology sectors, with small cap equities also posting strong returns. Regionally, equities across Asia, Europe & Emerging Markets posted gains led by China, Japan, Russia and Argentina. In the US, yields rose across most maturities in anticipation of the fiscal cliff resolution, while high yield credit continued to tighten. Hedge Fund Research writes: "The US dollar rose sharply against the Japanese Yen following Japanese elections and in anticipation of additional BoJ stimulus, while the US dollar fell against the Euro and British Pound on favourable mid-December developments with regard to the European banking & sovereign debt crisis. Gold and most Metals declined while Oil posted gains; Wheat, Corn & Cocoa posted sharp declines for the month."

In terms of the HFRX indices, Hedge Fund Research found hedge funds posting gains for the fifth month in the last six, with the HFRX Global Hedge Fund Index gaining 0.92%, resu......................

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. Opalesque Exclusive: Statsure Financial launches captive insurer for hedge funds[more]

    Bailey McCann, Opalesque New York: Hedge fund managers have a new option for protecting their business. Launching this week at the annual MFA Conference, Statsure Financial is offering a captive insurance solution for hedge fund managers. Many large companies have captive insurers - insurance

  2. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  3. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  4. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  5. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager