Thu, Jul 31, 2014
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. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass