Tue, Oct 21, 2014
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

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. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  2. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  3. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  4. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  5. Sparx optimistic about outlook for Japan[more]

    Benedicte Gravrand, Opalesque Geneva: According to SPARX, there are causes to be optimistic about the outlook for the Japanese market and the country's economy in general. Sparx Asset Management is a Tokyo-based asset manager, part of