Sun, Jan 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Man Group’s FRM says hedge funds suffer losses in April as managers were caught on the wrong side

Thursday, May 15, 2014

Komfie Manalo, Opalesque Asia:

Hedge funds suffered their second successive negative month in April as many managers were caught on the wrong side of the market movement, said Man Group’s $16.7bn fund of hedge funds FRM. FRM is a top global industry allocator to hedge funds by AUM, and the largest independent European based FoHF managing commingled funds and advising clients.

In its Early View report, FRM said hedge fund losses in April were heavily concentrated in Equity Long-Short strategies. "The rotation amongst sectors and from growth to value in the U.S. continued in April. Many managers were caught on the wrong side of the move and suffered large losses," the report said. It added, "In Europe, there was a clear relationship between the performance of commonly held positions in the US and the subsequent days trading in European stocks. Equity Long-Short managers have generated very strong performance over the last year."

According to FRM, Event Driven managers posted muted gains in April as special situations trading detracted from performance while traditional merger arbitrage contributed positively.

Credit based strategies were unaffected for the second month in a row by the technical issues facing equity based strategies, it said, while managed futures managers were flat, which was a substantial recovery from th......................

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. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised