Mon, Sep 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Morningstar reports MSCI Composite Hedge Fund Index up 0.2% in May, 4.9% year to date

Thursday, June 20, 2013
Opalesque Industry Update - Morningstar reported preliminary hedge fund performance for May 2013 as well as estimated asset flows through April. The Morningstar MSCI Composite Hedge Fund Index fell 0.2% in May but remains up 4.9% for the year to date. Over the trailing 12 months, the index rose 8.6%.

U.S. equities rallied throughout the month in response to encouraging economic data, including rising consumer confidence and home prices. Small caps led the way, with the Morningstar MSCI Small Cap and Morningstar MSCI Small & Mid Cap Hedge Fund Indexes climbing 2.9% and 3.1%, respectively. Both indexes, however, trailed the Russell 2000 TR Index’s 4.0% gain.

In April 2013, single-manager funds in Morningstar’s Hedge Fund Database gained $1.3 billion in inflows. Merger arbitrage hedge funds gathered the most assets, netting $1.6 billion, followed by multistrategy hedge funds, which gained $483 million during the month.

Press Release

bc

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  5. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e