Sun, Apr 22, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Event driven only hedge fund strategy in the black for August says Preqin

Friday, September 27, 2013
Opalesque Industry Update - Preqin’s Hedge Fund Analyst database reveals that event driven was the only hedge fund strategy to produce positive returns in August (+0.49%), with all other single-manager hedge fund strategies falling back into the negative, with a benchmark return for all single-manager hedge funds of -0.08% in August 2013.

Event driven hedge funds also have the highest year-to-date performance for single-manager hedge funds, with net returns of 9.40%, and have outperformed all other single-manager strategies over the last 12 months and on a three- and five-year annualized basis.

Other Key Facts:

• Long/short hedge funds were the top performing strategy in July, with average net returns of 2.16%, but failed to match this in August, posting average net returns of -0.04%.
• CTAs are now on a 4-month losing streak after posting average net returns of -0.56% in August, with year-to-date performance of -2.54%.
• Macro strategy funds of hedge funds have year-to-date net returns of 3.45%, while macro strategy single-manager hedge funds have only managed net returns of 0.27% so far this year.
• Long/short hedge funds remain the most favoured strategy among investors, with 58% of investors we spoke to in August planning to make new investments in long/short funds over the next 12 months. 16% plan to invest in event driven hedge funds.
• European hedge funds avoided negative returns in August, posting average net returns of 0.19%, while North American hedge funds broke even.
• Asia-Pacific remains the top performing region over the last 12 months, with Asia-Pacific-focused hedge funds producing net returns of 16.64% over the past year, despite August returns of -0.33%.
• JPY-denominated hedge funds have produced impressive year-to-date returns of 17.14% and have an average net return of 24.79% for the past 12 months.

For more information and analysis, please see www.preqin.com/docs/newsletters/HF/Preqin_Hedge_Fund_Spotlight_September_2013.pdf

Amy Bensted, Head of Hedge Funds Products, commented: “Despite returns entering positive territory again in July following the negative returns of June, August has again been another disappointing month for hedge funds, with the benchmark down -0.08% for the month. Event driven was the only hedge fund strategy that managed to post positive returns in August at 0.49%, with the strategy producing returns of 16.15% over the past 12 months. CTAs, however, have continued to struggle and posted negative returns for the fourth consecutive month. While Asia-Pacific hedge funds endured a disappointing August, posting average net returns of -0.33%, hedge funds focused on the region have produced the highest net returns over the last 12 months at 16.64%.”

Press release

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 - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its