Wed, Oct 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds start 2013, much like 2012 - equities and emerging markets on the rise

Thursday, February 07, 2013

Bailey McCann, Opalesque New York: Hedge funds are starting the year off much like the last, with an early rally in equities and emerging markets followed by credit. According to new data from eVestment, in January, hedge funds performance was broadly positive, and driven by long-biased equity market exposures across both developed and emerging markets with credit and commodity strategies firmly positive. January’s average return of +2.79% surpasses the +2.59% gain in January 2012, and was the second best opening month in the last twelve years behind the +3.25% in January 2006, the report notes.

Long/Short funds had their best month since May 2009, performance in this space is likely driven by Japan focused funds which reported returns of approximately 8.4% for January. Japan's equity markets have been on the rise this month with a push from the Bank of Japan. Credit strategies are following close behind, 87% of funds in the index reported positive returns in January, the median return for this strategy was 1.1%. Data shows the return for credit may have been slightly muted due to a concentrated loss centered on Argentinean debt. (Read our coverage of the Argentinean debt holdouts here.)

FX strategies are off to their best start in over a year as well, driven by moves in the Yen and British Pound. The boost in FX and slightly higher commodity prices......................

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t