Thu, Apr 2, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Opalesque Roundtable: Emerging managers should avoid chasing 'institutional unicorns'[more]

    Bailey McCann, Opalesque New York: For managers looking to raise a new fund after the crisis, marketing efforts will need to be significantly different, according to delegates at the recent Opalesque Texas Roundtable. "Most of the smaller managers come to the whole fund-raising and marketing

  3. Cohen's private investments deliver strong 7.5% gain in Q1[more]

    From Reuters.com: Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns. Cohen's Point72 Asset Management, which invests

  4. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

  5. Opalesque Exclusive: Cyber security and hedge funds: increased awareness, Part One[more]

    Benedicte Gravrand, Opalesque Geneva: If you look at the recent cybersecurity news from Bloomberg, hackers are frightening the people: they steal photos and threaten to expose them, they can break into ATMs, they ha

 

banner