Sun, Feb 14, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund performance sputters in March, asset flows remain positive

Thursday, May 01, 2014

Bailey McCann, Opalesque New York:

Composite hedge fund performance equal weighted across funds was down in March, according to the latest performance data from Citi Prime Finance. Performance ranged from -0.39% to -0.17% with returns lower than the previous month which experienced +1.34 to +1.59% over the same period.

On a per strategy basis, top performers included Distressed at +0.63%; Fixed Income/Arbitrage +0.58%, and Emerging Markets at +0.29%. The lowest performing strategies included CTAs and Managed Futures -1.38%; Dedicated Short -1.24% and Equity Long/Short -0.50%.

Despite the performance drag, assets continue to flow into hedge funds. Overall industry assets rose in March realizing an increase of +$9.4bn for the month after experiencing an increase of +$79.2bn in February. March gains were attributed solely from investor flows totaling $16.2bn. Total industry gains in March trail the mean monthly gain in assets throughout 2013 which averaged $21.2bn.

The positive investor inflows for March mark the third consecutive month for asset gains. Year to date investor flows now stand at $53bn.

On a global basis, group leverage rose to 2.13x in March up only slightly from February which reported 2.12x. On a strategy level, Equity Market Neutral was the greatest user of leverage at 4.1x. Global Macro and Convertible Arbitrage followed behind at 3.73x and 3.33x respectively.

Overall, report data shows that markets have opted to discount the growing......................

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. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  2. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  3. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  4. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi

  5. Illiquid assets are all the rage for hedge funds[more]

    From Valuewalk.com: …Institutional investors are increasingly turning to illiquid assets and active management strategies to combat macroeconomic trends, anticipated market volatility and diverging monetary policy, according to a new survey by Blackrock. And this week, Bloomberg has reported that at