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
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
“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.
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