Thu, May 5, 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. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n

  2. Opalesque Exclusive: Hedge fund talent, fees take a hit at the Milken Global Conference[more]

    Bailey McCann, Opalesque New York: It's been a rough year for hedge funds and now, even other managers are panning them. "Frankly, I’m blown away by the lack of talent," was Point 72 CEO Steven Cohen's assessment of trying to find candidates to hire in the investment business at a panel o

  3. Hedge funds fell in April as alternative UCITS surge in Europe[more]

    Komfie Manalo, Opalesque Asia: Hedge funds shed more in April with the Lyxor Hedge Fund Index down 0.9% during the month (-2.8% YTD), but there was some good news with alternative UCITS showing strong inflows in Europe. In its Weekly Briefing, Lyxo

  4. Global hedge funds recover in April on resurging energy commodities[more]

    Komfie Manalo, Opalesque Asia: Global hedge funds recovered in April with the HFRX Global Hedge Fund Index gaining +0.41% last month (-1.47% YTD), while the HFRX Market Directional Index gained +5.31% during the same

  5. AIG lost $349m in hedge fund portfolio in Q1[more]

    Komfie Manalo, Opalesque Asia: Large US insurance group AIG lost a net $183m for the first quarter 2016, year-on-year. The group blames the loss on the impact of market volatility on investments, as well as net realised capital losses and restructuring costs. Its hedge fund portfolio made a n