Mon, Dec 18, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds rebound in July, led by Equity Long/Short funds - Citi Prime Finance

Thursday, August 29, 2013

Bailey McCann, Opalesque New York:

Hedge fund strategies across the board rebounded in July after a major sell off in June, according to the latest data from Citi Prime Finance. Citi aggregates information across multiple industry-leading data sets to create its hedge fund monitor, providing the largest, single consolidated view of fund information possible across all of the leading industry data providers. This view is supplemented with proprietary Citi data deemed important to the hedge fund community.

According to the report, composite hedge fund performance, equal-weighted across funds, was up in July, with performance ranging from +1.01% to +1.40%. Across the major hedge fund indices returns were higher than the previous month which experienced -1.42% to -1.33% over the same period.

Equity Long/Short funds led the pack at +2.43%, Distressed +1.83%, Event Driven +1.52% and Equity Market Neutral at +1.27%. The lowest performing strategies include Dedicated Short -3.37%, CTA/Managed Futures -0.89%, and Fixed Income Arbitrage at -3.37%.

Net positive investor flows of +$13.5bn for July, marked the fifth period of net positive flows year to date.

In the equities markets, the July rebound was led by small cap, biotechnology, healthcare and financials companies. European markets saw gains in France, Italy, the Netherlands, Spain and Sweden. Asian markets saw declines in volatility, and a sharp drop in the rupee, leaving Hong Kong and Australia to hol......................

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  3. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c

  4. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans

  5. eVestment: hedge funds extend winning streak[more]

    Bailey McCann, Opalesque New York: Hedge funds marked their 13th consecutive month of positive returns in November with +0.47% average returns for the month, according to the latest Hedge Fund Performance Report from eVestment. Activists, long/short and quant equity strategies are producing