Sun, Sep 24, 2017
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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  3. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  4. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  5. ...And Finally - FAN-antic[more]

    From Newsoftheweird.com: Jeffrey Riegel, 56, of Port Republic, New Jersey, left 'em laughing with his obituary's parting shot at the Philadelphia Eagles. In it, Riegel asked that eight Eagles players act as pallbearers, "so the Eagles can let me down one last time." Riegel owned season tickets for 3