Thu, Aug 21, 2014
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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added