Wed, May 24, 2017
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. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  2. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  3. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  4. J.P. Morgan Asset Management launches ultra-short income ETF[more]

    Komfie Manalo, Opalesque Asia: J.P. Morgan Asset Management, the $1.5tln investment management arm of JPMorgan Chase & Co., has launched the JPMorgan Ultra-Short Income ETF (JPST), an actively managed ETF that seeks to provide current incom

  5. News Briefs - A former hedge fund manager is running a free masters program in financial engineering, Trinity Fund Administration Ltd joining the Mainstream BPO Group, Chelsea Clinton's husband joins Silicon Valley's Social Capital, The quants run Wall Street now[more]

    A former hedge fund manager is running a free masters program in financial engineering A former hedge funder is offering a free masters degree in a field that's integral to Wall Street's future. Igor Tulchinsky, a former managing director at Millennium Partners, a New York-based hedge fu