Sun, Aug 28, 2016
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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new