Sun, Aug 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund performance drags in August, assets rise - Citi Prime Finance

Thursday, October 03, 2013

Bailey McCann, Opalesque New York:

The latest hedge fund performance data from Citi Prime Finance highlights a slight drag on performance through August, even while assets rose. According to the data, composite hedge fund performance, equal-weighted across funds, was down for August 2013 with performance ranging from -0.86% to -0.49%. Across the major hedge fund indices, returns were lower than the previous month which experienced +1.32% to +1.40% over the same period.

Industry assets rose for August 2013 finishing net positive at +$1.91bn. Asset growth was attributed solely from investor flows of +$20.4bn with negative performance returns decreasing assets and accounting for -$18.4bn. This marks the sixth consecutive period of inflows for hedge funds year to date. August 2013 flows are higher than the mean monthly flows for 2013 which now stand at +$3.6bn.

Emerging markets and currencies extended their losses over the month accounting for some of the performance lag seen by funds. Investors also took on positions in preparation for the uptick in volatility expected when the Fed begins tapering. US equities saw declines in Large Cap, Financials, Real Estate, Technology and Healthcare.

In terms of strategies, top performers in August 2013 include Dedicated Short at +2.34%, Distressed +0.52%, Event Driven +0.16% and Convertible Arbitrage at +0.12%. The lowest performing strategies include CTA/Managed Futures -0.91%, Equity Market Neutral at -0.67%, Emergin......................

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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner