Thu, Apr 24, 2014
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

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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac