Mon, Apr 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Allenbridge reviews disappointing 2012 but identifies potential winners in 2013

Friday, January 25, 2013

Beverly Chandler, Opalesque London: Allenbridge Investment Solutions has published its Hedge Fund Outlook for 2013 opening with the observation that 2012 represented a year of modest gains for hedge fund investors with the HFRI Fund weighted composite index recording a gain of 6.2% during 2012. "This was another year when the aggregate return from hedge funds represented a disappointment to traditional investors in this asset class" Allenbridge writes.

The disappointing returns served to highlight the importance of astute manager selection, the firm believes, as a number of managers produced very strong returns. "In addition it was a reminder to investors that absolute return strategies targeting 5% over cash will produce just 5-6% when cash is at zero."

The firm found that across the different strategies, long biased credit approaches were the strongest performers as Central banks’ purchases of government and government backed securities fuelled the rally across investment grade and high yield markets. "By way of example the strongest performing hedge fund sector was the HFRI RV Fixed income asset-backed which was up 16.5%. Both the convertibles and corporate indices were not far behind recording near double digit gains. Within the equity long/short spectrum, funds delivered mid-single digit gains in aggregate however there was a wide dispersion between ......................

To view our full article Click here

Banner
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: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably