Thu, Sep 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Performance gains and asset flows continue for hedge funds in November

Monday, December 23, 2013

Bailey McCann, Opalesque New York:

The latest data out from Citi Prime Finance show that hedge funds posted both performance and asset gains in the month of November. According to eVestment, industry assets rose for November 2013 gaining +$45.3bn. Asset growth was attributed mostly from performance gains of +$30.2bn with net positive investor flows accounting for +$15.3bn. The net positive investor flows of +$15.3bn for November 2013 marks the ninth period of net positive flows year to date. November 2013 flows are higher than the mean monthly flows for 2013 which now stand at +$6.5bn. November 2012 net flows were +$11.92bn over the same period.

November 2013 marks the third consecutive month with positive performance gains and was 2x the mean monthly gain reported throughout 2013. Mean monthly performance gains now stand at +$15bn for 2013 compared to +$9.6bn for 2012. November 2013 performance contrasts with November 2012 performance gains which stood at only +$6.6bn.

In terms of individual strategy positions, and use of leverage - Citi US short flows data included in this month’s report show continued interest in the Healthcare and Consumer Discretionary sectors. These sectors accounted for 31.05% of short executions and 33.12% of short covers in November vs. 32.45% of short executions and 34.21% of short covers in September, 2013. Looking across gross leverage, the following strategies showed the highest uses of leverage: Equity Market Neutral (4.15x), Multi ......................

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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style