Tue, Jul 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund returns positive in January, up +1.74% - still lagging S&P

Tuesday, February 05, 2013

Bailey McCann, Opalesque New York: Hedge funds were up overall in January 1.74%, however they still underperformed the S&P 500 which returned 5.04%, according to the latest report from Mary Ann Bartels, lead hedge fund analyst for Bank of America Merrill Lynch. Data shows that overall, Sharpe Ratios were poor for equity based funds in 2012, specifically for macros and managed futures.

In terms of strategies over the week, Event Driven & Long/Short performed the best, up 3.27% and 2.31%, respectively. Market Neutral performed the worst and was down 0.47% for the same period. Market Neutral funds sold market exposure to 5% from 2% net short. Equity Long/Short slightly bought market exposure to 23% from 22% net long, still below the 35-40% benchmark.

Macros are aggressively buying commodities, including soybean and corn as well as cutting their shorts on wheat by half. Funds sold gold into the buy zone, bought platinum & palladium to a crowded long, bought silver and flat copper. In energy, funds bought crude oil, heating oil and gasoline, and partially covered natural gas. In currencies, funds added to their positions in the US Dollar and Euro while continuing to short the Yen. Treasuries saw an aggressive sell out of futures. Funds sold 10-yr and 2-yr treasuries and added to their shorts in......................

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 fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass