Wed, Jul 30, 2014
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. 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