Fri, Mar 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Investors poured money into hedge funds in April

Wednesday, May 11, 2011
Opalesque Industry Update - Hedge funds returned an average of 2.05% in April 2011 and the rate of net investor inflows was again above the 2010 average.

Below are early estimates for April hedge fund performance and asset flows. A full report will be available later in the month.

April Highlights:

The equal weighted HFN Hedge Fund Aggregate Index was +2.05% in April 2011 and +3.45% year-to-date (YTD). The S&P 500 Total Return Index (S&P) was +2.96% in April and +9.06% in the first four months of 2011. Hedge fund assets increased an estimated 2.27% in April to $2.607 trillion. Investors added a net $14.2 billion during the month for a core growth rate2 of 0.56%. This is a slight increase from March and well above the average for 2010.

Overall hedge fund industry performance was strong in April. Commodity strategies housed the majority of above average returns. Commodity (non-FX), FX and financial futures focused funds performed best posting +4.92%, +4.71% and +4.14% for the month, respectively. Notably, these groups were generally flat coming out of Q1 2011. CTA/managed futures funds accounted for the ten highest Outlier ratios3 in April, an indication that returns from many of these strategies were well outside their norms. Seven of the ten highest ratios were FX focused strategies. Emerging markets strategies were mixed in April. Funds investing in the MENA region, Brazil and China led the EM group. India funds continued to post losses, -0.47% in April and -7.64% for 2011; Russia funds were the worst performing regional classification in April, -3.59% and +2.24% YTD.

Japan focused funds reported another down month at -1.28% pushing them into negative territory, -0.96%, for the year.

Equity slightly outperformed credit strategies during the month. Healthcare and financial sector equity funds were among the top performers up +2.75% and +1.71% in April. Mortgage strategies continued to post positive results, +1.52% in April and +7.15% YTD.

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner