Thu, May 5, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund performance turns positive

Friday, July 11, 2014

Bailey McCann, Opalesque New York:

After two months of losses, hedge funds achieved gains in all strategies in May with the median fund increasing 1.01% for the month, according to the latest hedge fund monitor data from Deutsche Bank. Globally, emerging markets equity funds led the recovery gaining 1.80%; however, distressed and credit strategies continue to lead year-to-date gains at 5.74% and 4.35%, respectively. In the US, CTA / managed futures continue to recover, up 1.42% in May. In Asia, macro continues to deliver, up 2.23% for May and 1.21% year-to-date. European performance continues to be led by credit and event strategies, both up over 3% for the year. Global dispersion of returns was highest for CTA / managed futures, emerging markets equity and macro strategies.

The MSCI World 30-day volatility decreased by 38.11% over the month, ending at 5.52 on 27 May 2014. Both gross and net fundamental equity exposure also decreased last month ending at 2.64 (-2.26%) and 0.70 (-2.00%) respectively.

Though M&A was less noteworthy than previous months, convertible bond deals in Europe picked-up totaling €1.48 billion in May. In the US, short sellers focused on biotech firms Medivation and Pharmacyclics. The sales tax increase in Japan resulted in record high inflation and a decline in sales that garnered short interest for the retail sector. In China, banks experienced the largest quarterly increase in bad loans since 2005 bringing attention to Minsheng Bank and ......................

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