Wed, Sep 17, 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. Investing - Big hedge funds show interest in Alibaba, Maglan joins other hedge funds in rush to Argentinian assets[more]

    Big hedge funds show interest in Alibaba From Hereisthecity.com: …Three other major hedge fund investors who have shown interest in the IPO are Dan Loeb of Third Point, David Tepper of Appaloosa Management and Dan Benton of Andor Capital Management. All three were among the roughly 800 p

  2. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  3. Investors move capital out of Scotland ahead of referendum[more]

    Benedicte Gravrand, Opalesque Geneva: Ahead of Scotland’s independence referendum on September 18, asset managers, investors and pension savers are moving billions of pounds out of the country,

  4. Indices - Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD), Eurekahedge Hedge Fund Index rebounds in August gaining 1.36% (4.22%), Lyxor Hedge Fund Index was up 0.9% in August (YTD +1.7%)[more]

    Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD) The Greenwich Global Hedge Fund Index ended the month of August up +1.57%. Equity markets were up in August with the MSCI World Index up +2.00%. This was primarily driven by the performance of the S&P 500 which was up +4.

  5. Alpha Strategic buys stake in Premium Point Investments[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Alpha Strategic plc, a affiliate of