Thu, Apr 26, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge funds post net returns of 1.72%; (1.42% YTD) - Preqin

Tuesday, March 18, 2014
Opalesque Industry Update - Using data taken from Preqin’s Hedge Fund Analyst, hedge funds added gains of 1.72% in February which takes the industry benchmark to 1.42% for the year to date. Despite gains of over 2% for some hedge fund strategies, hedge funds lagged wider equity markets and indices, such as the S&P 500 which was up over 4% in February 2014.

Other Key Facts:

  • Event driven funds were the top performing funds in February, making gains of 2.67% and continuing their eight month streak of positive performance.
  • Relative value funds added just 0.83% in February 2014, despite being the top performing fund strategy in January and one of the two strategies to post positive returns in the first month of the year.
  • Emerging markets-focused funds were in positive territory in February, adding net returns of 0.94%; however, this was not sufficient to regain losses of 2.10% in January and its YTD returns of -1.18% makes it the only regional benchmark in the red for 2014.
  • Funds of hedge funds focused on macro strategies have outperformed single-manager macro strategies funds YTD, each posting net returns of 1.27% and 0.19% respectively.
  • CTAs returned to positive territory, adding 1.76% in February 2014, following net losses of 1.01% in January. This is the benchmark’s first monthly return of over 1.50% since July 2012.
  • North America-focused funds posted the highest returns of all regional benchmarks, adding 2.55% in February. This is compared to 1.79% for Europe and 1.28% for Asia-Pacific.

Comment:

“Investors may be reassured that the widespread negative returns across many of Preqin’s hedge fund performance benchmarks in January look to be a temporary blip rather than the start of a longer downward trend. Much of the January losses were led by declining equity markets which struggled at the start of the year following concerns around emerging markets and following the storms in the US.

However, equity benchmarks improved in February, with indices such as S&P 500 reaching record levels; strategies which have a focus on equities, in turn, also saw strong performance for the month. Event driven and long/short funds both posted returns of over 2% in February, taking their 12-month net returns to 16.04% and 11.91% respectively.”

Amy Bensted, Head of Hedge Fund Products - 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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its