Tue, Feb 28, 2017
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. Institutional investors plan to raise allocations to alternative assets in 2017[more]

    Komfie Manalo, Opalesque Asia: A survey by Context Summits Miami showed that nearly 72% of institutional investors and family offices plan to raise their allocations to alternative asset managers this year, suggesting continued strong demand for the industry. "As many large, brand name f

  2. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012

  3. Investing - Hedge funds continue to chase the herd in record Momentum wager, Marshall Wace bets grocer Sainsbury may need rights offering, Hedge fund net exposure has started to retreat, David Tepper's Appaloosa fund makes a huge buy, The 10,000-mile journey to Short Australia, Skeptical hedge fund investors grill Evan Spiegel about Snap's I.P.O.[more]

    Hedge funds continue to chase the herd in record Momentum wager From Bloomberg.com: Hedge funds can't get enough of momentum - even if it means embracing an investing strategy they hate. Loosely defined as betting on shares that went up the fastest over the preceding nine-to-12 months, h

  4. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  5. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d