Tue, Jul 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

FRM: July should be viewed as a positive month for hedge funds

Tuesday, August 06, 2013

Benedicte Gravrand, Opalesque Geneva:

FRM, Man Group’s $16.7 billion fund of hedge funds and managed accounts business, maintains its view that markets will trade on low volumes with range-bound markets due to the combination of fundamental data and central bank policy.

In July 2013, the firm says it its latest "Early View" report, US 10yr treasury yields continued to rise while the short-end of the European and US curves both saw yields fall to 'normal' levels; the lower volatility helped global credit markets with spreads; the municipal bond market did not recover to the same extent as short-term sovereigns or credit (as Detroit held back valuations); market volumes remained low; emerging markets continued underperforming; and Japan was a clear outlier.

As for the hedge fund industry, according to FRM, it returned positive performance in July, following a negative June.

The HFRX Global Hedge Fund Index returned +2.57% in July, -1.89% in June, and +7.27% YTD (currently up 0.35% MTD).

"Earnings season provided good opportunities for Equity Long-Short managers, and meant that company-specific factors were a larger driver of stock performance than background macroeconomic news," FRM states. Managed futures got some respite in July with flat returns; energy traders and emerging market managers also ......................

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. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  2. Launches - Ex-Brevan Howard star Rokos builds team for new fund, Former Och-Ziff manager’s firm starts health care hedge fund, Industry veterans launch commodity investment firm Aron Capital Management, Nikko Asset Management launches two UCITS funds, Capital Group plans to debut Asian investor targeted fund[more]

    Ex-Brevan Howard star Rokos builds team for new fund From WSJ.com: Chris Rokos, a former star trader at Brevan Howard Asset Management LLP, has hired an economist from Nomura to join the team he’s assembling for his much anticipated hedge fund launch. Mr. Rokos, whose firm is due to b

  3. Institutions - Pension fund dismisses Texas consultant, Rhode Island pension fund gets 2.2% investment return, far below assumed rate of 7.5%, New Jersey pension investments see a drop-off in returns[more]

    Pension fund dismisses Texas consultant From Sandiegouniontribute.com: The county retirement board on Thursday terminated the Texas consultant who was given the reins of the $10 billion pension fund, and whose investment picks left many employees and retirees feeling taken for a ride.

  4. SWFs - Sovereign wealth funds paid around $14 billion in fees[more]

    From SWFinstitute.org: When it comes to the financial sector, asset management is one of the most profitable industries in the world. The Boston Consulting Group put out a 2014 figure saying there is US$ 74 trillion worth of professionally-managed assets. One of the fastest growing institutional inv

  5. Investing - Carlyle teams with TCW in push for ordinary investors[more]

    From Bloomberg.com: Carlyle Group LP isn’t backing down from its goal of offering alternative strategies to the masses, despite early setbacks. The Washington-based firm is teaming up with TCW Group, which is majority owned by Carlyle funds, to offer three vehicles that give ordinary investors acces

 

banner