Wed, Apr 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds in nine month surge

Wednesday, March 13, 2013

From Komfie Manalo, Opalesque Asia – Hedge funds from across strategies posted nine straight months of positive gains as the Barclay Hedge Fund Index compiled by BarclayHedge reported that the sector profited 0.42% in February, bringing year-to-date returns at 2.92%.

"Equity managers were able to report profits in spite of quite a few bumps in the road," said Sol Waksman, founder and president of BarclayHedge. He added, "European managers largely avoided downdrafts in Italian and Portuguese equities and Asian managers side-stepped potential losses in Hong Kong and India."

At least 16 of the 18 strategies monitored by Barclays reported gains last month. The Barclay Pacific Rim Equities Index was up 2.12%, European Equities added 0.92%, the Event Driven Index was up 0.83%, Equity Long Bias gained 0.74%, Distressed Securities gained 0.71%, and Merger Arbitrage rose 0.68%.

He continued, "Distressed Securities managers benefited from a tightening of US corporate and high yield credit spreads. An increase in the dollar value of M&A activity during the month provided trading opportunities for Merger Arbitrage and Event Driven funds."

The Barclay Fund of Funds Index gained 0.17% in February.

On the losing side, the Global Macro Index was down 0.30% in February, and the Technology Index slipped 0.05%. The Equity Sh......................

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 - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  5. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic