Tue, May 3, 2016
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. 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. 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

  3. 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

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n