Sat, Oct 25, 2014
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

Banner

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 - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t