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

Global hedge funds on seven consecutive months of gain, currency and tech strategies lead

Thursday, June 08, 2017

Komfie Manalo, Opalesque Asia:

Global hedge funds recorded their 7th consecutive month of gains in May, with contributions from currency and technology exposures, according to data released by Hedge Fund Research. The HFRI Fund Weighted Composite Index (FWC) gained +0.5% for the month, bringing YTD performance to +3.5%, and extending the record index value to 13,406. The HFRI FWC has now advanced in 14 of the trailing 15 months.

"Hedge funds extended strong performance in May led by Technology, Currency and Event-Driven strategies, as Macron prevailed in the French election, emerging market volatility spiked and receded intra-month, and equity-implied volatility fell to historical lows," stated Kenneth J. Heinz, President of HFR.

HFRI gains were led by event-driven (ED) strategies, as the HFRI Event-Driven (Total) Index advanced +0.6%, the 11th consecutive monthly gain, bringing YTD performance to +3.9%. ED sub-strategy performance in May was led by the HFRI ED: Special Situations Index, which jumped +1.3%, and the HFRI ED: Multi-Strategy Index, which added +0.7%. Partially offsetting these gains, the HFRI ED: Distressed/Restructuring Index declined -0.3% for the month. The HFRI Event-Driven (Asset Weighted) Index posted a larger gain of +1.1% for May, bringing YTD performance to +5.6%.

Equity hedge (EH) strategies also advanced in May as equity-implied volatility fell to a historic low, with performance led by techn......................

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