Mon, May 21, 2018
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. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven