Wed, May 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

2013 the best year for hedge fund performance in the last three - eVestment

Thursday, January 09, 2014

Bailey McCann, Opalesque New York:

The consistent narrative of hedge fund reporting over 2013 focused on how hedge fund performance was lagging the broad index. While true, new data from eVestment looking at aggregate performance for 2013 shows that the year was the best so far in the last three. Returns were driven all year long by equity strategies which ended the year with returns more than 2x higher than credit strategies and nearly 3x greater than funds with exposure across diversified markets.

Hedge funds rose an average of 1.2% in December and ended 2013 returning 9.2%, surpassing returns from 2012 and 2011 (7.4% and -3.1%, respectively) and just shy of 2010’s 10.5% gain.

In terms of individual strategies, activist strategies were the leading sub-strategy for the year followed closely by long/short equity and distressed funds. Activists returned 19.1% for the year and besting 2012’s 15.2% gain. The group still underperformed the S&P500 for the year. Long/short equity ended the year up 16.12%, over 2012's 9.20% gain. Distressed funds were up 14.03%.

Credit strategies were positive, but posted their 3rd worst year since 1998, primarily due to directional strategies underperforming in the second half of the year. Securitized credit strategies however continued to produce double-digit returns. Credit strategies posted 6.26% for the year lagging behind 2012's gain of 11.40%.

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

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: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  2. Investing - Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds, Hedge funds buy Actavis, Valeant. ETFs join the party, The most loved biotechs of big hedge funds, Stocks to buy ... according to hedge funds, Atlantic City bond offering attracts hedge funds as buyers, Okumus Fund Management discloses huge new Ascent Capital Group stake[more]

    Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds From Boingboing.com: When a giant hedge fund is bidding on all the foreclosed houses in a poor neighborhood, living humans don't stand a chance -- but that's OK, because rapacious investors make great landl

  3. Institutions - Institutional investors turn to real estate, planes, Assets at Boston’s five biggest family nonprofits rise to $3.5bn[more]

    Institutional investors turn to real estate, planes From Joins.com: The National Pension Service and domestic emerging market specialists who did not know where to invest in a low interest rate environment are turning to other investments like the blue-chip real estate market abroad.

  4. Opalesque Exclusive: A lot of hedge fund investors are beginning to recognise the need for ongoing cyber threats monitoring[more]

    Benedicte Gravrand, Opalesque Geneva: Corporate Resolutions Inc. recently formed a strategic partnership with iThreat Cyber Group. The two companies have worked together for years, assisting clients when challenging

  5. Opalesque Exclusive: BMO launches multi-strat '40 act fund[more]

    Bailey McCann, Opalesque New York: As we reach new market highs, investors are looking for a way to diversify and protect their portfolios from a potential market correction. Liquid alternatives are rapidly gaining ground as a critical tool for investors to use to mitigate downside risk. The BMO

 

banner