Fri, Jul 21, 2017
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. Already above average, Singapore high-networth investors add hedge funds and alternative investments[more]

    Komfie Manalo, Opalesque Asia: An above-average proportion of Singaporean HNW wealth is allocated to alternative investments - the majority of which is held in hedge funds, according to the latest research by ReportLinker. In its report entitled, Wealth in Singapore: HNW Investors 2017

  2. Launches - Crypto boom: 15 new hedge funds want in on 84,000% returns, Crypto madness is striking VCs as Union Square analyst leaves to start new fund[more]

    Crypto boom: 15 new hedge funds want in on 84,000% returns From Forbes.com: With 43 projects raising $1.2 billion in initial coin offerings since May 1, according to Nick Tomaino's The Control, and with stratospheric returns for so many ICOs -- 82,000% for Ethereum, 56,000% for IOTA, 44,

  3. FinTech - The machines are coming... Elon Musk's grim warning, Tezos' $232 million ICO may just be the beginning, A gentle introduction to Initial Coin Offerings (ICOs), Billion dollar tokens, ICOS & crazy market swings WTF is going on!?, How AI is changing the way we invest, How the tech revolution is bringing flip-flops and beanbags to Wall Street, A 'machine-learning' approach to venture capital[more]

    The machines are coming... Elon Musk's grim warning From Tenplay.com.au: Tesla chief Elon Musk has called on US Governors to take 'decisive' action to curtail "the greatest risk we face as a civilization": Artificial Intelligence, or AI. Speaking at a meeting of the National Governor Ass

  4. News Briefs – Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9%, Rwanda: Global hedge fund to increase investments[more]

    Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9% Sears Holdings has landed a fresh line of credit, valued at $200 million, from its CEO Eddie Lampert's hedge fund, the retailer said Monday. Sears' stock climbed about 9 percent higher Monda

  5. Despite current limits, robo-advisors will be preferred investment solution for retail, gain importance for affluent and high net worth[more]

    Matthias Knab, Opalesque: Flynt, a Swiss FinTech focusing on proprietary technology platform for private and institutional clients, has published a brief paper on "Investing in the world of robo-advice and passive instruments". As investors will become more reluctant to pay for investment advi