Mon, Feb 20, 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. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  2. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed

  3. Hedge fund investor redemptions accelerate through 2016[more]

    Despite hedge funds returning 7.40% over 2016, investors continued to withdraw capital over the year; the industry saw overall net asset outflows totalling $110bn in 2016. Preqin's latest research finds that the rate of redemptions accelerated through the year, from net outflows of $14bn in Q1 to $4

  4. Manager Profile - Eddie Lampert: a painful entanglement with Sears[more]

    From Moneyweek.com: "In the long run we are all dead." Lex in the Financial Times reached for the famous quote from John Maynard Keynes in January when, after a long and unforgiving decline, the clock finally appeared to be running out on Sears, the iconic US department store group. Yet the group's

  5. Investing - Hedge funds quit Aberdeen shorts as shares begin to recover, Hedge funds' next big short: U.S. malls, O'Connor fund owns 9.5% of Protalix Biotherapeutics, U.S. hedge fund takes position in Macau hotel The 13[more]

    Hedge funds quit Aberdeen shorts as shares begin to recover From Investmentweek.co.uk: The last two hedge funds to short Aberdeen Asset Management have removed their positions, as the fund group's shares begin to show signs of recovery after a difficult few years. According to the Financ