Opalesque Industry Update - The Preqin All-Strategies Hedge Fund benchmark recorded gains of 0.91% in September, marking the seventh successive month of positive performance as the industry delivered returns of 4.06% through the third quarter. These gains mark an improvement from both Q2 and Q1, in which they posted returns of 2.13% and -0.81% respectively. Furthermore, it represents the best quarterly performance since Q1 2013, when the industry returned 4.10%. In 2016 YTD, hedge funds have posted total gains of 5.41% despite suffering loses at the beginning of the year.
All leading hedge fund strategies posted gains through Q3, with macro strategies representing the lowest quarterly gains (+1.94%), and equity strategies posting the highest returns (+5.18%). Event driven strategies returned 4.59% in Q3 to take their 2016 YTD performance to 7.90%, the highest of any strategy. By contrast, relative value strategy funds posted year-to-date gains of 3.11%, the lowest of any strategy. Credit and macro strategies are the only leading funds to have posted gains in all three quarters through 2016, and have returned 5.85% and 5.27% YTD respectively. Other Key Hedge Fund Performance Facts:
Within the universe of 22,810 funds open to investment, it has been the smallest funds – those with less than $100mn in assets - that have had the most success in terms of performance in 2016. With a large proportion of inflows over the last few years going to the largest managers in the hedge fund industry, we may see investors look towards the smaller end of the spectrum in their search for hedge fund returns going forward.” Amy Bensted – Head of Hedge Fund Products, Preqin
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Industry Updates
Hedge Funds rally return 4.06% in Q3 2016
Monday, October 17, 2016
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