Sat, Jun 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Event driven strategies outperform over the first half of 2014

Friday, July 11, 2014

Bailey McCann, Opalesque New York:

Event driven strategies, driven by the success of activists outperformed within the hedge fund cohort for the month of June, Q2, and the first half of 2014 according to the latest hedge fund performance data from eVestment. Overall hedge fund performance was also positive for June, marking the second consecutive month. The industry returned 1.14% in June, 1.89% in Q2 and ended the first half up 3.08%, on pace for an annualized return of 6.26% for the year, lagging 2013 and 2012.

Activist hedge funds posted large gains in June, an average of 3.51%, making the group the best performing strategy in both Q2 and H1 2014. Event driven funds are on pace to return over 12% for a second straight year. Distressed funds followed close behind posting returns of 1.07% for June.

Long/short equity strategies posted positive returns in June, Q2 and H1, but are generally lagging other major segments of the industry in 2014. Credit funds posted their tenth consecutive positive month in June, returning 0.69%, and are the second best performing primary market-focus behind volatility strategies. The continued decline in longer-term UST yields continues to be a positive for the universe, which is on pace to outperform 2013 gains.

Macro strategies were positive for the second consecutive month, but H1 returns put them at the bottom of the industry in terms of major strategies, below managed futures funds.

......................

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. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  2. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  3. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  4. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  5. Barclay Hedge Fund index gains 0.50% in May, 4.13% YTD[more]

    Hedge funds gained 0.50% in May according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 4.13% in 2017. The Barclay Hedge Fund Index has now been profitable for seven months in a row, with a cumulative gain of 6.10%. The Barclay Technology Index has gained 12.27% in the fi