Sat, Apr 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Preqin: Hedge funds bounce back in July (+1.64%) to recover June losses (+5.39% YTD)

Thursday, August 15, 2013
Opalesque Industry Update - Preqin data reveals that hedge funds recovered from negative performance in June, with encouraging July performance across almost all benchmarks. July returns of 1.64% represent the best month for hedge funds since January and strong returns have wiped out the losses incurred in June, taking year-to-date returns to 5.39%.

Most single-manager strategy benchmarks produced positive returns in July, with event driven and long/short funds leading the way with returns of 2.06% and 2.05% respectively. North America was the best performing region during the month, posting returns of 2.73%.

Other Key Facts:

  • CTAs continue to struggle, posting negative returns (-0.75%) for the third consecutive month.
  • Event driven remains the best performing strategy category in 2013, with further positive returns of 2.06% in July, taking the strategy to year-to-date returns of 9.06%.
  • Funds of hedge funds continue to exhibit dampened returns compared to the overall hedge fund benchmark with 0.86% returns in July. Long/short funds of hedge funds returned 1.70%.
  • Long/short UCITS hedge funds had an impressive July, outperforming the overall long/short benchmark with returns of 2.50%. The overall UCITS index fell narrowly short of the overall hedge fund benchmark with monthly returns of 1.52%.
  • North America was the best performing regional benchmark in July (+2.73%) followed by Europe (+1.90%), with both regions outperforming Asia-Pacific (+1.81%) for the third consecutive month.
  • 70% of investors believe that the cumulative hedge fund returns for 2013 will be between 7-10%. The most common estimate of cumulative hedge fund returns for 2013 among investors was 9-10%, with 37% of investors expecting returns in this range.
  • The majority of investors (56%) expect North America to be the best performing region in 2013.

Preqin

Press Release

Bm

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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner