Sun, Mar 26, 2017
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 liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He