Thu, Jun 29, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge funds positive for 8th month +1.17 (est) through February (+1.36%) - Eurekahedge

Thursday, March 10, 2011
Opalesque Industry UPdates - Hedge funds were up for the eighth consecutive month in February as managers took advantage of buoyant market sentiment appetite and rallying underlying markets. The Eurekahedge Hedge Fund Index was up 1.17%1 through February, with the year-to-date return at 1.36%. The MSCI World Index gained 2.75%3 during the month.

Assets under management cross US$1.7 trillion for the first time since September 2008.

Global hedge fund assets up 13.4% since start of July 2010.

Hedge funds witness eighth consecutive month of positive returns.

North American hedge funds gained 2.08% in February and are up 14.57% over the last six months.

Japanese hedge funds gained 1.92% in February and are up 10.15% over the last six months.

Distressed debt hedge funds are the best performing of 2011 so far, with gains of 3.94%.

58% of hedge funds are above December 2008 watermark.

Regional Indices
North American hedge funds delivered the best performance amongst the major hedge fund regions1, gaining 2.08% in February. The S&P500 was up 3.20%, during February, reaching a 32-month high during the third week of the month. Increased risk appetite during the first three weeks led to a sustained rally in the equity markets, as better-than-expected corporate earnings and increasingly positive outlook on the global economy led market sentiment. Managers in the merger & acquisition space also took advantage of the healthy corporate activity with a number of funds benefitting from the Sanofi-Aventis and Genzyme deal. February was the sixth consecutive month of positive returns for North American managers, with the Eurekahedge North American Hedge Fund Index gaining 14.57% during this period.

Most other regions also delivered positive returns, with Japanese hedge funds gaining 1.92% in February as the strong corporate activity continued in the market. Funds investing in financial and insurance stocks, as well as material and mining companies, posted healthy gains – the Nikkei 225 was up 3.77% % during the month. Returns from European hedge funds were also positive in February, up 0.57%, while Eastern Europe & Russia investing funds gained 1.66%. Asia ex-Japan hedge funds witnessed losses to the tune of 0.83%, amid declines in underlying markets – the MSCI Asia Pacfic ex Japan Index was down 2.36%.

Strategy Indices
All strategic mandates registered positive returns for February, with distressed debt managers once again coming out on top and extending their winning run into a sixth consecutive month. The increased risk appetite and the rallies in equity markets also translated into gains for high yield – the Merrill Lynch US High Yield Index was up 1.34% during the month while the average distressed debt manager raked in gains of 2.11%. CTA/managed futures funds also witnessed some hefty profits, gaining 1.90% in February as energy and precious metals witnessed price jumps due to political tensions in the Middle East – the S&P Goldman Sachs Commodity Index was up 3.75%. Long/short equity managers also finished the months with strong gains, up 1.14%, capitalising on the buoyant equity markets.

Full performance tables: Source

(press release)

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. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  2. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  3. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  4. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  5. Investing - U.S. hedge fund in anonymous bet against Tesco shares, Hedge funds made repeated attempts to invest in Veneto banks, Steve Cohen's Point72 takes stake in struggling electronics retailer Conn's, Hedge fund Excalibur bets Riksbank will tighten by end of year[more]

    U.S. hedge fund in anonymous bet against Tesco shares From FT.com: A $20bn New York hedge fund is using an offshore shell company to anonymously bet against the shares of the UK supermarket Tesco, raising fresh questions over the efficacy of European short selling disclosure rules.