Sun, Feb 26, 2017
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. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012

  2. Investing - Hedge funds continue to chase the herd in record Momentum wager, Marshall Wace bets grocer Sainsbury may need rights offering, Hedge fund net exposure has started to retreat, David Tepper's Appaloosa fund makes a huge buy, The 10,000-mile journey to Short Australia, Skeptical hedge fund investors grill Evan Spiegel about Snap's I.P.O.[more]

    Hedge funds continue to chase the herd in record Momentum wager From Bloomberg.com: Hedge funds can't get enough of momentum - even if it means embracing an investing strategy they hate. Loosely defined as betting on shares that went up the fastest over the preceding nine-to-12 months, h

  3. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  4. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d

  5. Ex-Navy SEAL backed by Mario Gabelli, Jean-Marie Eveillard and other value giants off to strong start[more]

    From Valuewalk.com: Sententia Capital Management is not your average value focused hedge fund. The fund was founded by Michael Zapata, a former Navy Seal Team 6 Officer and has attracted funding from some of the best-known names in the value space. Mario Gabelli, Jean-Marie Eveillard from First Eagl