Wed, Aug 27, 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

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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest