Wed, Sep 17, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Preqin: Event driven hedge funds top performers so far, +2.10% in May, +7.60% YTD

Thursday, June 27, 2013
Opalesque Industry Update: Event driven hedge funds have outperformed other strategies in May 2013, posting net returns of 2.10%, Preqin’s June edition of Hedge Fund Spotlight reveals. This takes the overall 2013 performance of event driven funds above that of long/short funds, which have posted returns of 5.39% in 2013 YTD and 0.75% in May.

Other Key Facts:
• Long/short funds of funds are outperforming the direct long/short industry, posting returns of 1.74% in May and 6.51% in 2013 YTD.
• CTA performance has been volatile in the first two months of Q2 2013; in May CTAs posted -1.82%, compared to positive returns of 0.98% in April.
• Macro funds continue to underperform, returning just 0.13% in May, taking total performance in 2013 YTD to 2.15%.
• Europe was the top-performing region in May, with vehicles posting 1.61%. Asia-Pacific-focused vehicles had their worst month of the year so far, posting just 0.29% in May, compared to 2.51% in April.

Comment:
“Hedge funds posted positive returns across all strategies and regions this month with event-driven strategies, in particular, contributing a healthy return of 2.10% for May. Hedge funds focusing on Asia-Pacific markets posted a return of just 0.29% in May, the lowest for ten months. However, funds targeting the region have generated a year-to-date return of 9.38% and continue to outperform the benchmark for all hedge funds (2013 YTD of 4.63%). Other funds also posted positive returns this month with the exception of CTAs, which saw a loss of 1.82%.”
Joe Childs, Manager – Hedge Fund Performance.

Press release here.

Preqin is the leading source of information for the alternative assets industry, providing data and analysis via online databases, publications and bespoke data requests. www.preqin.com

Bg

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. Investing - Big hedge funds show interest in Alibaba, Maglan joins other hedge funds in rush to Argentinian assets[more]

    Big hedge funds show interest in Alibaba From Hereisthecity.com: …Three other major hedge fund investors who have shown interest in the IPO are Dan Loeb of Third Point, David Tepper of Appaloosa Management and Dan Benton of Andor Capital Management. All three were among the roughly 800 p

  2. 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

  3. Investors move capital out of Scotland ahead of referendum[more]

    Benedicte Gravrand, Opalesque Geneva: Ahead of Scotland’s independence referendum on September 18, asset managers, investors and pension savers are moving billions of pounds out of the country,

  4. Indices - Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD), Eurekahedge Hedge Fund Index rebounds in August gaining 1.36% (4.22%), Lyxor Hedge Fund Index was up 0.9% in August (YTD +1.7%)[more]

    Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD) The Greenwich Global Hedge Fund Index ended the month of August up +1.57%. Equity markets were up in August with the MSCI World Index up +2.00%. This was primarily driven by the performance of the S&P 500 which was up +4.

  5. Alpha Strategic buys stake in Premium Point Investments[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Alpha Strategic plc, a affiliate of