Tue, Sep 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Performance for managed futures in December came from trend followers - Dow Jones Credit Suisse Hedge Fund Index

Monday, January 24, 2011
Opalesque Industry Update - A new Dow Jones Credit Suisse Hedge Fund Index (“the Index”) monthly commentary offers insight into December hedge fund performance. Some key findings from the report include:

The Index posted its second best monthly performance of the year in December, up 2.90% for the month and 10.95% for the year. Nine-out-of-ten strategies in the index posted positive performance for the month.

Managed Futures posted the best performance for the month (+5.42%) and is up 12.22% for 2010. Performance drivers for the Managed Futures sector came primarily from trend-following managers whose models were positioned long equities and commodities.

Event Driven managers took second place in December, finishing up 3.93% for the month and 12.64% year-to-date. The Risk Arbitrage sub-sector was supported by increased mergers and acquisitions volumes, which reached their highest levels since 2007. Moreover, distressed credit managers found ample support in the healthy high yield bond and leveraged loan markets which saw record issuance activity in 2010.

Global Macro was the best performing sector for the year up 13.47%, with gains of 2.67% for December. Managers capitalized on a number of fundamental macroeconomic conditions including strength in US economic data and ongoing economic momentum in emerging markets.

(press release)

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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. Outlook - Julian Robertson: There are two bubbles that can bite us[more]

    From Businessinsider.com: Legendary hedge fund manager Julian Robertson gave a warning about two bubbles that could "bite us" at Bloomberg Market's Most Influential Summit. "I agree with the fact that the economy is definitely getting better. I think the cause of that is two bubbles that will