Tue, Jan 17, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

New Credit Suisse/Tremont research paper reviews hedge fund performance through the first quarter of 2010

Monday, April 26, 2010
Opalesque Industry Update – Credit Suisse Tremont Index LLC today released a new research paper, "Staying the Course: Q1 2010 Hedge Fund Update," that examines the current market environment and its effect on hedge fund returns in the first quarter.

The hedge fund industry (as measured by the Credit Suisse/Tremont Hedge Fund Index, the “Broad Index”) continued its positive performance into 2010, returning 3.1% in the first quarter and outperforming equity and bond indices on a risk-adjusted basis. The report examines the current return drivers in the industry and explores some of the noteworthy trends that have characterized markets in recent months.

Some key conclusions from the report include:

  • As of March 31, 2010, eight out of the ten sectors in the Broad Index posted positive returns in the first quarter, with 69% of all funds posting positive performance;
  • The beta of hedge funds to global equity markets is now at its lowest level since 2004. In turn, manager returns currently appear to be less driven by systematic or beta risks than they have been in the last five years;
  • The Event Driven sector had the strongest performance in the Broad Index, up 4.8%, and the consensus is that credit opportunities could continue to generate alpha opportunities in the space;
  • Overall, hedge funds have recovered 92% of all 2008 losses, while certain sectors, including Convertible Arbitrage and Event Driven, have now fully recovered their 2008 losses;
  • The hedge fund industry experienced estimated net inflows of approximately $2 billion in the first quarter;
  • Including performance gains, estimated industry assets under management currently remain at $1.5 trillion (as of March 31, 2010).
Click here to view the Q1 2010 Hedge Fund Update.

See today’s Opalesque Exclusive: Hedge fund industry returns show lowest beta level since 2004 – Credit Suisse/Tremont here.


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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Hedge funds gain across strategies in December, outperform MSCI to close at record index level in 2016[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted gains across all strategies in December to conclude 2016, with the HFRI Fund Weighted Composite Index (FWC) rising to a record index value level as oil prices surged, equities gained and U.S. interest rates increased into year end, accordin

  4. Performance - BlackRock's robot stock-pickers post record losses, Soros-backed fund Glen Point loses in first trading year, Regal Funds Management: Bleak year as returns in key funds plunge 25pc, Elm Ridge Capital up 25% in 2016[more]

    BlackRock's robot stock-pickers post record losses From Bloomberg.com: Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.'s beleaguered stock-picking business. Trouble is, they just might have made things worse. BlackRock

  5. Eurekahedge Hedge Fund Index up 1.01% in December (+4.48% YTD)[more]

    Hedge funds gained 1.01% during the month of December, with 2016 returns coming in at 4.48%. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.38% in December with its 2016 returns coming in at 7.37%. North American equity markets traded higher in December as t