Mon, Jan 26, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds see seventh consecutive month of performance gains

Thursday, November 28, 2013

Bailey McCann, Opalesque New York:

October accounted for the seventh consecutive month of performance gains according to the latest data from Citi Prime Finance. According to eVestment, industry assets rose for October 2013 gaining +$59.7bn. Asset growth was attributed mostly from performance gains of +$47.6bn with net positive investor flows accounting for +$9.3bn. Composite hedge fund performance on an equal weighted basis was up 1.2%-1.7%. Returns were also higher month over month.

October 2013 marks the seventh month with positive performance gains this year and was more than 3x the mean monthly gain reported throughout 2013. Mean monthly performance gains now stand at +$14.33bn for 2013 compared to +$9.6bn for 2012. October 2013 performance contrasts with October 2012 performance gains which stood at only +$18.9bn.

Investor flows were at a net positive of +$9.3bn for the month, the eighth period of net positive flows year to date. October 2013 flows are higher than the mean monthly flows for 2013 which now stand at +$5.9 bn. October 2012 net flows were -$12.7bn over the same period.

Leverage is also creeping up slightly. On a global basis, Citi calculate's gross leverage (as measured on a mean basis) at 1.98x in October versus 1.95x in September and 1.96x in August. At the strategy level, Equity Market Neutral (4.45x), Multi Strategy (3.74x), Global Macro (3.51x),) and Convertible Arbitrage (3.23x) used the most leverage.

Hedge funds and equity ......................

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. Commodities - Druckenmiller alums at PointState make $1 billion on oil, Andurand Capital sees oil sliding to $40[more]

    Druckenmiller alums at PointState make $1 billion on oil From Bloomberg.com: Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audienc

  2. Investing - David Einhorn discloses a new position in Time Warner, Canyon trimming bets on mortgage bonds after making $7bn[more]

    David Einhorn discloses a new position in Time Warner From FTLeavenworthlamp.com: …Einhorn also disclosed a new position in Time Warner. "Since 2009, TWX has refocused its business into a collection of high quality assets including basic cable networks (Turner and CNN), a movie studio (

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r