Wed, Jul 8, 2015
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 +0.87% (est) in February (+1.04% YTD est)

Monday, March 08, 2010
Opalesque Industry Updates - Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) will finish up +0.87% in February (based on 76% of assets reporting).

Key highlights for the month;
Managed Futures posted the best performance among the sectors this month as managers were able to gain from long exposures to short term interest rates and short exposure to declining currencies such as the Sterling. In response to an increase in market reversal situations and weaker overall signals, many trend followers also reduced risk allocation to equities and commodities.

Long/Short Equity funds performed in line with global equity markets in February, finishing up an estimated 1.58% as managers benefited from a favorable fundamental stock picking environment. Profits were driven largely by long exposures to cyclical sectors such as industrials, technology, and consumer discretionary, which outperformed during the month. Despite overall positive returns, many European-focused managers finished the month in negative territory due to increased market turbulence in the EU region.

Global Macro managers produced positive performance finishing up 1.25% in February. The largest sources of profit came from fixed income and foreign exchange positions. Funds capitalized on European sovereign credit stresses by taking short positions on the Euro. Moreover, managers with long front-end and short back-end positions on the yield curve benefited from an overall steepening in the curve which was largely driven by the Greek debt situation and the US Federal Reserve’s decision to maintain low rates.

Event Driven funds finished up an estimated 0.48% though returns were mixed across managers. Multi-strategy managers finished up slightly as losses from market hedges and shorts sometimes outpaced gains from long event equity and credit positions. Long-biased distressed managers experienced small gains on specific situations and credit improvements.

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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner