Thu, Jul 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Credit Suisse/Tremont monthly commentary: Managed futures and event driven best performers in April

Friday, May 21, 2010
Opalesque Industry Update - A new monthly commentary offers insight into April hedge fund performance. Some key findings from the report include:

  • Nine-out-of-ten strategies in the Index posted positive returns in April as volatility increased in global equity markets, with Dedicated Short Bias the only negative performer.
  • Event Driven and Managed Futures managers were tied as the best performing strategies in the Index in April, each with gains of 1.89%.
  • For Event Driven managers, gains were largely due to individual positions in idiosyncratic situations, such as corporations that may have recently completed restructurings or exited from bankruptcy and other holdings involved in acquisition investments.
  • Also of note, the high yield credit market posted its 14th month of consecutive positive returns, despite the European sovereign debt concerns and rising Treasury rates. Many relative value managers in strategies such as Fixed Income Arbitrage and Convertible Arbitrage were able to capitalize on the unusual mix of tightening credit markets, flight-to-safety behaviors and higher levels of volatility.

Credit Suisse Tremont Index LLC industry commentaries and publications are available on the Research section of www.hedgeindex.com

- FG

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: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  3. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  4. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  5. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

 

banner