Sun, Jul 31, 2016
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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New