Tue, Feb 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Credit Suisse/Tremont Hedge Fund Index posts positive performance of 0.17% (est.) in January 2010

Monday, February 08, 2010
Opalesque Industry Updates - Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) will finish up +0.17% in January (based on 74% of assets reporting).

Key highlights for the month;
- Long/Short Equity funds outperformed major equity markets in January, finishing down an estimated 1.70% as managers’ lower net exposures protected them from the full brunt of the market correction. Many managers would have finished in positive territory were it not for long positions in Technology stocks which, despite good fundamentals, fell in January on fears over the economic recovery. In general, equity markets reacted negatively to news of the Greek budget deficit and the concomitant drop of Greek bond prices as well as the Chinese central bank’s credit tightening over concerns of overheating in their housing market.

- Event Driven managers had a generally positive month as a number of managers took advantage of inefficient pricing in smaller issue securities resulting from specific restructuring events as well as banks in Japan and Europe lightening their books. Credit markets generally performed well and were negatively correlated to equity markets, benefiting a number of credit-oriented managers.

- Global Macro managers experienced mixed performance with a number of fundamentally-driven quant macro models posting positive returns after capitalizing on tactical moves in currencies and bonds. On the other hand, managers with heavy equity exposures typically underperformed.

- Managed Futures posted the worst performance among the sectors as trend followers fell prey to increased pressure in commodities markets. The DJ-UBS Commodities Index finished down 7.28% for the month, crude oil fell over 8%, and gold was down 1.47% partly as a result of the strengthening US dollar.

Full performance table: 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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed