Thu, Apr 26, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

eVestment: Hedge funds end March down -0.46%

Friday, April 13, 2018

Bailey McCann, Opalesque New York:

Hedge funds had a down month in March, but there is more to this data point than meets the eye. March's overall negative hedge fund industry returns of -0.46% obscure the fact that just north of 50% of hedge funds tracked by eVestment had positive performance for the month. In many cases, hedge fund managers have handled recent volatility well despite two consecutive months of negative performance.

On a strategy basis, Credit managers and volatility funds performed best in March, along with regional exposure to Africa/Middle East. Volatility/Options Strategies were up +0.20% in March. Africa/Middle-East-focused funds returned +0.91%, bringing their year to date (YTD) performance to +7.76%. Africa and Middle East funds were also strong performers in 2017, returning +15.37% last year. Overall, emerging market hedge funds are among the leading segments so far in 2018, with nearly 75% of emerging markets funds posting positive results this year.

Investors mostly getting it right with allocations to large macro strategies, report data shows. In 2017 and 2018, investors returned to macro strategies in a meaningful way, allocating over $20 billion into the strategy. Since the end of H1 2017 through March, the ten largest reporting macro funds have outperformed the other ten-largest strategy segments. In 2018, the group is producing positive returns in a difficult environment where their quantitative cousins, managed futures funds, are h......................

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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its