Sat, Sep 5, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Dow Jones Credit Suisse Hedge Fund Index +3.23% (est) in September (+5.78% YTD)

Tuesday, October 12, 2010
Opalesque Industry Update - Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index (“Broad Index”) will post its best year-to-date performance in September, gaining 3.23% for the month (based on 87% of assets in the index reporting).

Key highlights for the month:

- Hedge funds experienced their best month year-to-date in September as the Dow Jones Credit Suisse Hedge Fund Index rose an estimated 3.23%. Nine out of the 10 sectors posted positive performance this month as a result of global market rallies. The industry is up 5.78% for the year, outperforming global markets, as represented by the Dow Jones Global Index, which have posted gains of 2.89% year-to-date.

- Equity focused managers experienced positive performance this month due to global equity market rallies. Long/Short Equity managers posted their biggest gain since May of 2009, finishing up 4.50% for the month. Managers with high net exposures led performance and many funds increased their market exposures as the month progressed. Equity Market Neutral funds gained 4.30% as market correlations dropped from their record highs managers and managers capitalized on short term price reversals.

- Emerging Markets funds were also among the top performers this month finishing up 4.68%. Performance in the space was largely led by equity-focused managers which benefited from market rallies in emerging Asian and Latin American markets. FX positions also contributed positively to the month’s gains.

- The Event Driven sector also finished in positive territory as increasing investment opportunities began to arise around special situations. All three sub-sectors performed well this month with Risk Arbitrage up 3.88% driven by the recent increase in M&A activity.

- Global Macro was up an estimated 2.63% as managers increased their risk exposures in the FX markets and seized opportunities in the commodities space. Many managers with long AUD positions were able to capture significant gains as the Aussie rallied to an all time record high.

Full performance table available: Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Opalesque Exclusive: New Detroit-based CTA seeks to take advantage of coming volatility[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging manager has just set up his one-man shop in the city of Detroit. Synchronicity Futures,

  2. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  3. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  4. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

  5. Launches - BlackRock’s McKenna starts hedge fund with $270m, Ex-BlueBay fund managers Phillips, Fayman to launch hedge fund in 2016, Dallas lawyer, Wall Street-savvy doctor team up to form biotech-focused hedge fund[more]

    BlackRock’s McKenna starts hedge fund with $270m From Bloomberg.com: BlackRock Inc. has started an event-driven hedge fund one year after hiring Harvard Management Co.’s Mark McKenna to run the strategy. Global Event Partners, which seeks to profit from corporate events such as takeovers

 

banner