Fri, May 27, 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. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  2. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit