Thu, Sep 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds down in January, still outperform - Citi Prime Finance

Monday, March 03, 2014

Bailey McCann, Opalesque New York:

New hedge fund data from Citi Prime Finance shows that hedge funds were down slightly through January but still outperformed the index. January volatility from weakness in emerging markets and US economic data contributed to the drag on performance. Composite hedge fund performance, equal-weighted across funds, was down in January 2014 with performance ranging from -0.24% to +0.54%. Returns were lower than the previous month which experienced +0.56% to +1.1% over the same period.

In terms of specific strategies, top performing strategies in January 2014 include Dedicated Short at +2.01%, Distressed +1.20%, Fixed Income Arbitrage +0.62%, and Convertible Arbitrage at +0.57. The lowest performing strategies include Emerging Markets -2.66%, Global Macro -0.81%, and Equity Long/ Short at -0.63%.

According to eVestment|HFN, Hedge fund industry assets fell in January 2014 -$14.2 billion for the month after experiencing +22.6 billion in growth in December. January losses were attributed solely from performance which totaled -$14.5 billion. For the month, investors flows were net positive, however only accounted for +$0.3 billion of net new flows.

Net positive investor flows of +$0.3 billion for January 2014 marks the first period of positive flows since November 2013. January flows were lower than the mean monthly flows for 2013 which stood at +$5.6 billion. January 2013 net flows were +$3.3 billion over the same period.

L......................

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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style