Mon, Mar 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds down -1.42% to -1.33% over all strategies in June

Thursday, August 01, 2013

Bailey McCann, Opalesque New York:

The June sell off in equities markets, and subsequent downward pressure on hedge fund performance in June has been well documented. However, new data from Citi Prime Finance provides a more granular view that may well highlight key trends emerging in the industry. Unlike other prime brokers that look across an internal dataset that typically constitutes only several hundred hedge funds, Citi aggregates information across multiple industry-leading data sets and proprietary information deemed important by the hedge fund industry.

According to the stats, composite hedge fund performance, equal-weighted across funds, was down in June 2013 with performance ranging from -1.42% to -1.33%. Across the major hedge fund indices returns were lower than the previous month which experienced +0.49% to +0.75% over the same period.

Hedge fund strategy wise, top performing strategies in June 2013 include Dedicated Short +0.45% Equity Market Neutral -0.40% , and Convertible Arbitrage -0.70%. The lowest performing strategies include Emerging Markets -4.11%, CTA/Managed Futures -1.77%, and Global Macro at -1.64%.

Across the subset of hedge funds reporting performance and AUM, the monthly median performance for large single funds (>$500 million) was -1.7%, medium single funds ($100–$500 million) -1.2% and small single funds ($500 million AUM) continue to hold......................

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner