Fri, Aug 18, 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. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos

  5. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq