Fri, Apr 29, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Performance - Blackstone profits plunge 77% as performance fees dive, Hedge fund stars' fortunes hostage to market swings, Hedge fund manager goes from billionaire to millionaire in profits plunge, Hedge funds biggest losers in SunEdison's 'magic money machine'[more]

    Blackstone profits plunge 77% as performance fees dive From FT.com: Blackstone, the world’s biggest manager of alternative investments from private equity to real estate, suffered from sharply lower performance fees amid turbulent markets in the first three months of the year, even as it

  3. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  4. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  5. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the