Thu, Aug 25, 2016
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. Opalesque Exclusive: Algorithms platform aims to target typical challenges found in quantitative hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Last month, Quantopian received investments from Point72 Ventures, the new venture capital arm of Steven Cohen’s Point72 Asset Management.

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  4. Opalesque Roundtable: Low and high fee investments often better than mid fee hedge funds[more]

    Komfie Manalo, Opalesque Asia: Hedge funds that charge the low and high fees stuff often provide better returns than "those sort of mid-fee investments", said Keith Haydon, chief investment officer of Man FRM. (Alternative) investment managers who charge high fees would often provide the most int

  5. Hedge fund investors pull $5.7 billion in July[more]

    From Bloomberg.com: Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge. Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 bill