Sun, Aug 2, 2015
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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner