Tue, Aug 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds on pace for returns 150bps over 2012, eVestment releases forecasting report

Tuesday, December 10, 2013

Bailey McCann, Opalesque New York:

Hedge funds posted positive returns in November of +1.1% bringing year to date gains up to 8.2% according to the latest performance data from eVestment. In addition to monthly performance data, the company is also out with a 2013 year in review, and 2014 forecast relying on its new asset flows forecasting model. Based on November returns, the industry is on pace for aggregate 2013 returns that are 150bps above 2012 figures.

November performance

Event driven strategies led the industry in November. Among the best performing event strategies were activist, distressed and emerging market focused. Particularly strong returns have been coming from funds targeting Argentina’s sovereign debt as the country’s high profile default proceedings continue in U.S. federal courts.

Long/short equity hedge funds are on pace for average returns nearly 1.7x higher (15.8% vs. 8.2%) than 2012, their best year since 2009 and second best since 2003. Credit strategies lagged during the month, weighed down primarily by smaller directional trading strategies. Contrary to the rest of the group, MBS focused funds posted very strong results in November, their best month of the year.

Managed futures followed a rare positive month in 2013 with their second best month of the year in November. Despite gains from the managed futures segment, systematic strategies continued to underperform discretionary approaches in November and for the year (1.3% v......................

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. The Big Picture: Water is single largest environmental investment opportunity[more]

    Benedicte Gravrand, Opalesque Geneva: Water, the world’s most precious and undervalued commodity, is set to lead the socially and environmentally responsible investment themes. This is according to specialist fund manager Thomas Schumann. His firm,

  2. Commodities - Hedge funds pile into bullish bets on U.S. crude by most on record, Rig count steady, hedge funds dump short contracts on 63 million barrels, Hedge funds bail on Copper as Goldman predicts ‘supply storm’, Hedge funds pile up bets against sterling[more]

    Hedge funds pile into bullish bets on U.S. crude by most on record From BRecorder.com: Hedge funds and other speculators raised their bullish bets on US crude oil in the past week by the most on record fuelled by speculation that Organization of the Petroleum Exporting Countries will agr

  3. Investing - U.S. hedge fund Marathon makes Brexit bet on European property, Hedge funds love Liberty and John Malone, DE Shaw could bid for control over TerraForm Power, New York hedge fund increases stake in Tronc as sale talks continue, Don't wait too long to check this +20% value fund's ideas[more]

    U.S. hedge fund Marathon makes Brexit bet on European property From FT.com: Marathon, a $13bn US hedge fund, is building a big Brexit trade, increasing its investments in property across Ireland, France, Germany and the Netherlands, in a bet that they will be among the big beneficiaries

  4. Opalesque Exclusive: Investors struggle to identify the better performing hedge funds[more]

    Komfie Manalo, Opalesque Asia: Fund managers and investors believe that performance is one of the major factors driving change in the hedge fund industry, a Preqin survey showed in its latest Hedge Fund Spotlight. Preqin said that the disappoin

  5. …And Finally - Baby born on Cebu Pacific airplane gets 1 million air miles[more]

    From CNN.com: Here's one kid who'll probably learn to fly before she can crawl. After being born four hours into a flight from Dubai to Manila, baby girl Haven has been gifted 1 million air mile points. Haven's mom went into labor more than five weeks early while flying on an aircraft op