Thu, Jan 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Assets in funds of hedge funds at an all time low - eVestment

Monday, January 06, 2014

Bailey McCann, Opalesque New York:

A new report out looking at the overall performance and asset gathering ability of funds of hedge funds (FoHFs) from eVestment shows that assets going to the industry group are at an all time low relative to their single manager counterparts. Despite a rebound in performance in 2013, investors have pulled money from pooled FoHFs for nine consecutive quarters and the amount of money assets coming from FoHFs has declined to an all-time low of 32% when compared against direct hedge fund investment.

In terms of performance, FoHFs were up 6.59% year-to-date through October on average, slightly worse than the 7.50% posted by hedge funds, and below the 18.65% performance of the S&P Global 1200.

Data in the report shows that the number of FoHFs pursuing a single strategy, or 'bespoke portfolio' option is up slightly to 22.9%. The trend could be reflective of a shift toward specialization in an effort to recapture assets moving into direct investments. Of that group, long/short equity FoHFs are performing the best up 11.76%. Their single manager counterparts are up 13.06% for the same period.

FoHFs allocating to event driven/distressed managers are the next best performers among all FoHFs thus far in 2013. The group is up 8.26% year-to-date. Investors that allocated to managed futures FoHFs are in the red, just the same as those who invested in single manager managed futures funds.

......................

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. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  2. 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

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. 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

  5. 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