Wed, Oct 26, 2016
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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa