Fri, Nov 28, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds end the year positively, outperform S&P in Q4

Wednesday, January 09, 2013

Bailey McCann, Opalesque New York:Hedge funds ended 2012 on a positive note returning an average of +1.5% in December, +1.8% in Q4 and ending the full year +7.3%. Returns lagged broad equity markets for the year, but outperformed in Q4 and many strategies produced strong returns for the year, according to new data from eVestment. Many strategies returned nearly 10%, with credit, volatility and emerging markets producing the year’s best returns.

Credit funds were the stars of 2012, outperforming equities and overtaking them in assets under management for the first time on record. Credit funds were up 12% over equity funds in 2012 overall. Mortgage funds followed credit, returning over 60% in the last 3 years, nearly 5x better than the average hedge fund.

FX, CTAs and equities funds all had a rougher year. Despite FX funds’ strong December on the back of a parabolic JPY/USD move, the group ended the year with some of the lowest returns out of all hedge fund strategies at 2.22%. Managed Futures rallied near the end of the year but not enough to end the year in positive territory. The strategy closed 2012 down -0.71%

Overall, the industry saw approximately $40bn of inflows through November despite often choppy performance - almost doubling last year's full total. This year is already on track to be equally tumultuous, with fiscal cliff/drag, taxes and more regulation on deck for the alternatives industry.

......................

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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed