Tue, Mar 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Latin America focused hedge funds outperform despite regional risks, outflows; currency wars abate

Tuesday, March 05, 2013

Bailey McCann, Opalesque New York: A new data release from eVestment showed that hedge funds investing in Latin America were up 7.29% in 2012 and 1.16% in January 2013 compared to the hedge fund aggregate performance of 6.59% and 2.51%, respectively. Notably, Latin America funds experienced net investor outflows in 2012 of $860m, but performance related gains of $2.43bn offset investor redemptions for a total AUM increase of $1.57bn. January 2013 saw a $0.27bn increase in total AUM including net investor allocations of $60m. Investors have had an on again, off again relationship with emerging markets since the crisis, but Latin America has provided one of the most consistent growth stories despite broad based regional political and economic risks.

Brazil tempers currency wars rhetoric

As Opalesque reported at the end of last year, Brazilian Finance Minister Guido Mantega, accused the US of inciting a global currency war when it announced QE3, partly because the nature of US monetary policy would trigger volatile capital inflows into emerging markets like Brazil, appreciating the currency. However, that line seems to be tempering. Mantega announced that he is abandoning efforts to push down the real as the currency markets exhibit lower than average volatility.

The demand for more stimulus is growing, even as the U......................

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner