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Alternative Market Briefing

Preqin reveals 2013 hedge fund performance is on track to match 2012

Friday, October 18, 2013

Beverly Chandler, Opalesque London:

Industry analyst Preqin reports that hedge fund performance could finally be on track to match the returns of 2012, with year to date figures of 7.17% to the end of the third quarter, compared with 7.37% to end September 2012.

Amy Bensted, head of hedge funds at Preqin commented; "This quarter has been one of mixed fortunes for the hedge fund industry; however, despite returns in most hedge fund strategies being in the red for August, both July and September were strong months for hedge fund performance, bringing the overall hedge fund benchmark for 2013 to date to 7.17%. However, performance is seen as both the key issue in the industry and a key factor assessed by institutional investors when looking at hedge funds in the second half of 2013. Funds that have performed particularly well in 2013, notably event driven strategies, are increasingly being sought by investors, whereas those that have been underperforming, such as CTAs, are losing investor interest. If Q4 can continue in the same vein as Q3, we would expect investors to continue to exhibit increased satisfaction and confidence with the performance of hedge funds as a whole; this could lead to further growth in the industry as more assets flow into these funds."

The Preqin Quarterly Update: Hedge Funds, Q3 2013 showed that the third quarter of this year was a good quarter for hedge fund performance, with figures posted in July and S......................

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