Mon, Nov 9, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund indices for July average -2.17% (estimated): Will jittery investors evaluate hedge fund investments month by month, or by the larger credit cycle?, Hedge fund outlook `much worse` than 1998

Monday, August 11, 2008

Opalesque Exclusive: Hedge fund indices for July average -2.17% (estimated): Will jittery investors evaluate hedge fund investments month by month, or by the larger credit cycle? From Kirsten Bischoff, Opalesque New York: As noted in Opalesque’s roundup of hedge fund indices last Friday (see coverage: here) the average industry estimated and approximate return for July was -1.84% (and -2.17% if you include the Eurekahedge HF Index(see below)).

However, asset classes cannot be ranked within a vacuum and as the global credit crunch continues, the argument can be made for the prudent investor to take a step back and review hedge fund industry performance in terms of market cycle and not on a month-by-month basis.

The credit crunch at large The global economy is experiencing a period of serious deleveraging and systemic risk and a market environment has emerged to which the relatively new hedge fund industry has no historic reference. “The hedge fund industry did not exist in the 1930’s or the 1970’s so it is very difficult to say how hedge funds should do in this type of environment,” says Steve Gross, Principal at Penso Capital Markets.

Although this clearly marks the toughest time for hedge funds, the DJIA has pos......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: DACH institutions push alternatives to 32.3% of portfolios as hedge funds make a comeback[more]

    Matthias Knab, Opalesque for New Managers: Institutional investors in Germany, Austria and Switzerland now hold almost a third of their portfolios in alternative investments, and they are more confident than ever in

  2. KRX chief courts CalPERS for bigger bet on Korea[more]

    Korea Exchange Chairman and CEO Jeong Eun-bo held talks with California Public Employees' Retirement System, or CalPERS, to promote greater investment in South Korea's capital markets, the bourse operator announced Wednesday. Jeong met with CalPERS Chief Investment Officer Stephen Gilmore.

  3. 755 Unicorns, $8 Trillion: Fifth Era maps the autonomous digital economy[more]

    Matthias Knab, Opalesque for New Managers: Fifth Era Partners, a specialized asset manager focused on the convergence of Internet, AI/Agentic and Blockchain technologies, has released the findings of its 13th Bia

  4. Opalesque Exclusive: "Enough beta plays" - how Fasanara builds an alpha-only multi-strategy platform[more]

    Matthias Knab, Opalesque for New Managers: Most multi-strategy funds promise diversification. Fewer can explain why their return streams should stay independent when markets turn. In an Opalesque SkillsLab investor

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m