Sun, Apr 20, 2014
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

Banner
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: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo