Wed, Dec 7, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund composite performance was positive in 2013 - Citi Prime Finance

Friday, January 31, 2014

Bailey McCann, Opalesque New York:

According to the latest data from Citi Prime Finance, composite hedge fund performance, equal-weighted across funds, was up in December 2013 with performance ranging from +0.56% to +1.1%. Returns were on par previous month which experienced +0.55% to +1.05% over the same period. YTD hedge fund indices saw positive performance ranging from +6.7% to +9.6% compared to +4.4% to +6.7% for 2012.

In terms of top performing strategies, Equity Long/Short performed the best at +1.67%, Distressed +1.34%, Multi Strategy +1.22%, Global Macro at +1.16%. The lowest performing strategies include Dedicated Short -1.33%, Equity Market Neutral +0.65%, Fixed Income Arbitrage at +0.71%.

Hedge fund industry assets rose in December 2013, gaining +$14.8bn for the month and finished the year with an overall increase +$259bn. December gains were attributed solely from performance which totaled +$22.7bn. For the month investors flows were net negative accounting for -$7.9bn.

Net negative investor flows of -$7.9bn for December 2013 marks only the third period of net negative flows since January 2013. December flows are lower than the mean monthly flows for 2013 which now stand at +$5.6bn. Dec 2012 net flows were -$12.8bn over the same period.

On a global basis, leverage increased from November to December, gross leverage (as measured on a mean basis) at 2.01x in December 2013 versus 2.0x in November and 1.98x in October. Looking across g......................

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 - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released