Sun, May 1, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n