Thu, Apr 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds return 1.1% in March, up 3.8% in Q1 - eVestment

Monday, April 08, 2013

Bailey McCann, Opalesque New York: Hedge funds were again positive in March, and +3.8% in Q1, with nearly 80% of the industry in positive territory for the year. March performance was representative of the trends throughout the first quarter, namely equities exposure led, credit and volatility strategies were positive, but below their 2012 pace, and FX and commodity funds were a drag on the industry’s returns, according to new data from eVestment.

Areas producing the best returns in March and Q1 were directional equity strategies, particularly funds targeting Japan and the country’s loose monetary policy fueled equity market rise. They are off to their best start on record. Emerging markets had a difficult month in March and have fallen after their strong start to 2013. India focused funds have given back over half of 2012’s gains.

Credit strategies were again positive, but below the pace set in the second half of 2012. Funds targeting asset-backed credit markets have outperformed all others, including funds in the mortgage-backed sector. Large systematic managed futures funds were the one segment of the managed futures universe with investor inflow in 2012. They have outpaced the rest of the managed futures space in the first three months of 2013, returning +3.1%. This same group was -2.2% in 2012.

One notable shift this quarter were Japan focused funds. "Japan focused funds have ridden the loose monetary policy infused run in the Nikkei (in USD terms) to average......................

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. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. 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

  3. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  4. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob