Sun, Jun 26, 2016
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

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 Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider