Tue, Sep 16, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds seek out positive month despite losses in macro, managed futures and commodity funds

Thursday, March 07, 2013

Bailey McCann, Opalesque New York: Hedge funds held overall returns in positive territory this month, however, good performance from equity, credit and volatility strategies was overshadowed by losses from macro, managed futures and commodity funds. According to monthly performance data from eVestment, hedge funds were up +0.28% for the month and are up +6.87% for the year. Macro, managed futures and commodities strategies were down - -0.01%; 1.49%, and -3.01% respectively.

Directional equity is leading the industry early in 2013, with correlation with the S&P near all-time highs. Credit fund returns continued to be led by mortgage funds in February, but the group’s percentage of winners during the month dipped to the lowest level since May 2012, the last month in which credit funds posted an aggregate loss.

Commodity funds followed commodity prices in February and accounted for the worst month of returns since May 2012. Major commodity indices lost 3% over the month reflecting a similar loss from funds themselves. If this trend continues commodities funds may post negative returns year-to-date continuing the track they were on at the end of 2012. Systematic trading strategies have been a drag on hedge fund performance both in 2012 and into 2013, severely underperforming managers with a discretionary approach to position taking.

"The difficulties facing systematic strategies is indicative of markets where current prices are likely being influenced very di......................

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. Investing - Big hedge funds show interest in Alibaba, Maglan joins other hedge funds in rush to Argentinian assets[more]

    Big hedge funds show interest in Alibaba From Hereisthecity.com: …Three other major hedge fund investors who have shown interest in the IPO are Dan Loeb of Third Point, David Tepper of Appaloosa Management and Dan Benton of Andor Capital Management. All three were among the roughly 800 p

  2. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  3. SEC charges Minnesota hedge fund manager with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has brought charges against Minneapolis-based hedge fund manager, Steven R. Markusen for bilking investors out of fees and portfolio pumping. According to the complaint, the management fees earned by Archer Advisors LLC were shrinking due to the funds’ w

  4. …And Finally – Immature[more]

    From Newsoftheweird.com: Princeton University professor John Mulvey, 67 (who teaches financial engineering applications), was charged in July with stealing 21 yard signs around the town of Princeton -- signs for a computer repair business owned by a man with whom he was feuding. Nathan McCoy,

  5. Investors move capital out of Scotland ahead of referendum[more]

    Benedicte Gravrand, Opalesque Geneva: Ahead of Scotland’s independence referendum on September 18, asset managers, investors and pension savers are moving billions of pounds out of the country,