Wed, Nov 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Comment: Long/short equity strategy will come back under the spotlight

Tuesday, June 04, 2013

Benedicte Gravrand, Opalesque Geneva: - There is a new trend in the hedge fund world; the long/short equity strategy is again in favour among institutional investors, writes Alexandre Poisson, director at Geneva-based Banque Pâris Bertrand Sturdza in the Swiss daily Le Temps.

Indeed, he says, the latest industry surveys suggest institutional investors are coming back to this strategy; this is due, he suggests, to a renewed risk appetite, as well as rising stock markets.

The Dow Jones Credit Suisse Long/Short Equity index is up 6.42% YTD (to end of April), compared to the DJCS Hedge Fund Index’s return of +4.99% and the S&P500’s +12.74%. The Long/Short Equity Index returned +8.2% in 2012 (the S&P500, +16%), and lost 7.3% in 2011 (S&P: +2.1%).

The asset inflows into the strategy were negative in 2012 and at the beginning of 2013, says Poisson, as only a few months ago, investors were expressing their disappointment and their concern towards the strategy, which had not been doing too well in the last few years.

eVestment last week reported that long/short equity funds had experienced net redemptions in April and YTD 2013. But the strategy is on pace to return more than 20% this year, which would represent their best returns in a decade,......................

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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W