Fri, Oct 9, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds go negative in January, but still outperform the index - eVestment

Friday, February 14, 2014

Bailey McCann, Opalesque New York:

Hedge funds protected against broader industry declines, falling an average of -0.56% compared with -3.46% losses by the S&P 500, according to the latest hedge fund performance data from eVestment. As Opalesque has previously reported, volatility strategies, which lagged the industry throughout most of 2013, were well positioned to take advantage of equity markets’ uptick of fear. The group’s January returns were their best in 17 months as the VIX volatility index spiked to its highest level in over a year.

In terms of other strategies, directional equity strategies outperformed the S&P by their largest margin in more than two years. Credit strategies posted mixed returns as directional strategies lagged their relative value counterparts. The deviation signals a decrease in appetite for credit risk which also impacted distressed and event driven strategies. MBS strategies gave credit a bit of a lift overall posting positive returns of 1.1% for the month which was pretty choppy.

Macro and managed futures strategies both posted aggregate losses during the month, continuing a trend of lagging the overall hedge fund industry. Large macro managers outperformed their smaller peers during the month, a continuation of a trend seen in much of 2013.


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. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko