Tue, Dec 12, 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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. News Briefs - Italy's Carige to sell consumer credit arm to Chenavari, Less than a year after hedge fund coup, East Bay drug maker cuts jobs, looks to move HQ[more]

    Italy's Carige to sell consumer credit arm to Chenavari Italy's Banca Carige aims to sell its consumer credit unit to London-based hedge fund Chenavari by Dec. 6 when a vital 560 million euro ($664 million) cash call ends. Genoa-based Carige must comply by the end of the year with Europe

  3. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  4. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  5. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa