Sun, Apr 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Morningstar MSCI Composite AW Hedge Fund Index up +1.0% in November (+8.2% YTD)

Thursday, December 19, 2013

Bailey McCann, Opalesque New York:

Morningstar, Inc., a leading provider of independent investment research, today reported preliminary hedge fund performance for November 2013 as well as estimated asset flows through October. The Morningstar MSCI Composite AW Hedge Fund Index, an asset-weighted composite of nearly 1,000 hedge funds in the Morningstar Hedge Fund database, rose 1.0% in November, along with global stock markets. The MSCI World NR global stock index climbed 1.8%, and the Barclays Global Aggregate TR bond index fell 0.8% in part due to rising U.S. interest rates in November. The Morningstar MSCI Composite AW Hedge Fund Index has increased 8.2% for the year through November.

"Slowing economic growth in emerging markets weighed on hedge funds in November," A.J. D’Asaro, fund analyst at Morningstar, said. "Hedge funds concentrating in emerging markets, especially those focused on Brazil, Russia, India, China, and South Africa, lost more than expected."

The Morningstar MSCI Emerging Markets Hedge Fund Index fell 1.8% in November, as GDP growth came in lower than expected in key emerging markets. Hedge funds lost more than the unhedged MSCI Emerging Markets Index, which declined 1.5%, due to greater exposure to Brazil, Russia, and India—some of the worst-performing countries. However, the Morningstar MSCI Emerging Markets Hedge Fund Index has increased 3.6% for the year through November, while the MSCI Emerging Markets Index has fallen 1.2%.

U.S. equity-b......................

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. Opalesque Exclusive: Carden Capital bets on volatility[more]

    Bailey McCann, Opalesque New York for New Managers: Machine driven strategies are having a bit of a moment in the hedge fund world right now. Systematic funds have outperformed other strategies at a time when all ey

  2. Sprott AM to sell Canadian diversified fund business to management-led group[more]

    Komfie Manalo, Opalesque Asia: Toronto-based asset management company Sprott Asset Management LP (SAM) has entered into an agreement to sell its Canadian diversified fund business to a management-led group. Under the deal, the new group will have

  3. Investing - These hedge funds (and Madeleine Albright) are betting on a debt crisis, Hedge funds are upping their bets on the death of the traditional retailer, $20bn hedge fund recaps Corizon[more]

    These hedge funds (and Madeleine Albright) are betting on a debt crisis From Yahoo.com: There could be a big debt crisis brewing in places like China, India, Latin America and Africa -- and a growing number of investors are amassing war chests to cash in on the distress. Albright Capital

  4. Universities looking to defend endowments from Republican tax plan[more]

    From PIOnline.com: Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of university endowments. Lobbying disclosure forms show almost two dozen schools such as Princeton University, University of Notre Dame and Cornell University are including

  5. Activist News - GAM touts 'tangible results' of turnaround as activist fight hots up, Bill Ackman not done with Herbalife, says his fight could get legs in May, Activist hedge fund CIAM says Euro Disney's buyout offer not fair for minority investors[more]

    GAM touts 'tangible results' of turnaround as activist fight hots up From FNLondon.com: GAM, the Swiss asset manager at the center of an attempted boardroom putsch by activist hedge fund RBR Capital, said its first-quarter results amounted to "tangible" proof that its management's plan f