Sun, Jan 22, 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. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised