Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds gain in February led by macro strategies, top equity markets

Tuesday, March 08, 2016

Komfie Manalo, Opalesque Asia:

Hedge funds posted modest gains in last month, outperforming U.S. equities for the third consecutive month, as equity, credit and energy markets traded in a wide and volatile intra-month range, according to Hedge Fund Research.

The HFRI Fund Weighted Composite Index advanced +0.5% in February, bringing year-to-date losses at -1.97%, with gains again led by macro and quantitative, trend-following CTA strategies. February represents the strongest fund weight composite monthly gain since October 2015, leading equity benchmarks across U.S., Europe, Asia and Emerging Markets. The HFRI Asset Weighted Composite Index declined -0.9%for the month, bringing YTD performance to a decline of -2.6%.

"The volatile and uncertain current market environment, dominated by both powerful trends and sharp reversals, has shifted to favor Macro strategies and specifically quantitative, trend-following CTA strategies," stated Kenneth J. Heinz, President of HFR.

Macro strategies continue to lead

February performance was led by macro strategies as equities, fixed income, commodities and currencies traded in wide intra-month ranges, with the HFRI Macro Index posting a gain of +1.9% (+3.1% YTD). The HFRI Macro: Systematic Diversified Index added +3.0% (+5.6% YTD), as oil reversed steep losses, and the British pound sterling fell s......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1