Mon, Sep 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Emerging markets-focused hedge funds lead performance in March as industry falters

Tuesday, April 17, 2018

Komfie Manalo, Opalesque Asia:

Only hedge funds with a focus on emerging markets attained positive returns in March and were up 0.10% during the month, according to Preqin's latest Hedge Fund Performance update. The positive result builds on a strong January to take 2018 YTD returns to a positive 2.29%.

Across the industry, the Preqin All-Strategies Hedge Fund benchmark generated -0.63% last month, marking the second consecutive negative month for the benchmark in 2018.

On a strategic basis, only credit strategies posted positive gains in March. In fact, this benchmark return of 0.15% was the strategy's 24th consecutive month of positive returns.

Event driven hedge funds posted the largest losses of all top-level strategies, ending the month down 1.49%. This marks the benchmark's worst monthly performance since January 2016 (-3.16%).

Other hedge fund benchmark fell too

Preqin's results reflect the performance of other hedge fund benchmarks. However, 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, credi......................

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. The incredible shrinking hedge fund, For hedge fund stars, being right in 2008 proved to be a curse[more]

    The incredible shrinking hedge fund From Bloomberg: You'd be forgiven for thinking the hedge fund industry might be starting to rebound. Industry assets are at a record $3.2 trillion this year, and a brand-new ?rm just brought in an unprecedented $8 billion. But the reality isn't so rosy.

  2. Investing: Fiat Chrysler attracts more investment from hedge fund manager[more]

    From Autonews: Chase Coleman's Tiger Global Management has invested more than $1 billion in Fiat Chrysler Automobiles after more than doubling its position in the automaker since the end of June. The U.S. fund becomes the fourth biggest investor in the Italian American company. Tiger Global inc

  3. SWF: Saudi Arabia's sovereign wealth fund raises $11bn loan with 15 banks[more]

    From Reuters: Saudi Arabia's sovereign wealth has raised an $11 billion loan from a total of 15 banks, the Maaal financial news website reported on Tuesday, citing unnamed sources. A source with direct knowledge of the matter told Reuters last month that the Public Investment Fund (PIF) will p

  4. Hedge fund billionaire spells out America's worst nightmare, Sir Michael Hintze: Response to global financial crisis elevated populism[more]

    Hedge fund billionaire spells out America's worst nightmare From SMH: Billionaire hedge fund manager Ray Dalio effectively spelled out what doomsday looks like for the US on live television. The founder of Bridgewater Associates predicted the US economy is about two years from a downtur

  5. Lehman's carcass has handed huge profits to distressed funds[more]

    From Bloomberg: It was a bold move: buy at Lehman Brothers's darkest hour. But a decade after Lehman's collapse, a handful of hedge funds that bought up the bank's debt for pennies on the dollar have made even more money than seemed possible. More than $124.6 billion has flowed to Lehman credi