Thu, Jul 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds report mixed results in April as weak technology drags performance

Thursday, May 08, 2014

Komfie Manalo, Opalesque Asia:

The hedge fund industry sustained a slight decline in April as technology exposure ragged the gains registered in Fixed Income-based Relative Value Arbitrage and Macro strategies, according to data released by Hedge Funds Research.

The HFRI Fund Weighted Composite Index posted a decline of -0.17% last month, the second consecutive decline for the HFRI, bringing index performance YTD through April to +0.9%. The declines in March and April mark the first time the HFRI has posted consecutive monthly declines since April-May 2012.

"Technology exposure continues to be an important cornerstone of hedge fund performance generation, with significant, core holdings across large cap and early stage ventures, and the commitment of the hedge fund industry to the technology space will not be affected by recent volatility," stated Kenneth J. Heinz, President of HFR.

He added, "Not only have technology-focused hedge funds posted annual gains in each of the past 5 years, but have outperformed both the S&P 500 and Nasdaq Composite since the beginning of 2007, with less than half of the volatility. Hedge funds are able to bring tremendous value to investors in the technology space through the combination of rigorous fundamental valuation analysis, as well as efficient tacti......................

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. 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

  5. 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