Fri, Aug 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Preqin: Event driven hedge funds top performers so far, +2.10% in May, +7.60% YTD

Thursday, June 27, 2013
Opalesque Industry Update: Event driven hedge funds have outperformed other strategies in May 2013, posting net returns of 2.10%, Preqin’s June edition of Hedge Fund Spotlight reveals. This takes the overall 2013 performance of event driven funds above that of long/short funds, which have posted returns of 5.39% in 2013 YTD and 0.75% in May.

Other Key Facts:
• Long/short funds of funds are outperforming the direct long/short industry, posting returns of 1.74% in May and 6.51% in 2013 YTD.
• CTA performance has been volatile in the first two months of Q2 2013; in May CTAs posted -1.82%, compared to positive returns of 0.98% in April.
• Macro funds continue to underperform, returning just 0.13% in May, taking total performance in 2013 YTD to 2.15%.
• Europe was the top-performing region in May, with vehicles posting 1.61%. Asia-Pacific-focused vehicles had their worst month of the year so far, posting just 0.29% in May, compared to 2.51% in April.

Comment:
“Hedge funds posted positive returns across all strategies and regions this month with event-driven strategies, in particular, contributing a healthy return of 2.10% for May. Hedge funds focusing on Asia-Pacific markets posted a return of just 0.29% in May, the lowest for ten months. However, funds targeting the region have generated a year-to-date return of 9.38% and continue to outperform the benchmark for all hedge funds (2013 YTD of 4.63%). Other funds also posted positive returns this month with the exception of CTAs, which saw a loss of 1.82%.”
Joe Childs, Manager – Hedge Fund Performance.

Press release here.

Preqin is the leading source of information for the alternative assets industry, providing data and analysis via online databases, publications and bespoke data requests. www.preqin.com

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. Opalesque Exclusive: Algorithms platform aims to target typical challenges found in quantitative hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Last month, Quantopian received investments from Point72 Ventures, the new venture capital arm of Steven Cohen’s Point72 Asset Management.

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  4. Opalesque Roundtable: Low and high fee investments often better than mid fee hedge funds[more]

    Komfie Manalo, Opalesque Asia: Hedge funds that charge the low and high fees stuff often provide better returns than "those sort of mid-fee investments", said Keith Haydon, chief investment officer of Man FRM. (Alternative) investment managers who charge high fees would often provide the most int

  5. Hedge fund investors pull $5.7 billion in July[more]

    From Bloomberg.com: Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge. Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 bill