Mon, Sep 25, 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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  3. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  4. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  5. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N