Opalesque Industry Update - Preqin’s Hedge Fund Analyst database reveals that event driven was the only hedge fund strategy to
produce positive returns in August (+0.49%), with all other single-manager hedge fund strategies falling back
into the negative, with a benchmark return for all single-manager hedge funds of -0.08% in August 2013.|
Event driven hedge funds also have the highest year-to-date performance for single-manager hedge funds, with net returns of 9.40%, and have outperformed all other single-manager strategies over the last 12 months and on a three- and five-year annualized basis.
Other Key Facts:
• Long/short hedge funds were the top performing strategy in July, with average net returns of 2.16%,
but failed to match this in August, posting average net returns of -0.04%.
For more information and analysis, please see www.preqin.com/docs/newsletters/HF/Preqin_Hedge_Fund_Spotlight_September_2013.pdf
Amy Bensted, Head of Hedge Funds Products, commented: “Despite returns entering positive territory again in July following the negative returns of June, August has again been another disappointing month for hedge funds, with the benchmark down -0.08% for the month. Event driven was the only hedge fund strategy that managed to post positive returns in August at 0.49%, with the strategy producing returns of 16.15% over the past 12 months. CTAs, however, have continued to struggle and posted negative returns for the fourth consecutive month. While Asia-Pacific hedge funds endured a disappointing August, posting average net returns of -0.33%, hedge funds focused on the region have produced the highest net returns over the last 12 months at 16.64%.”