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Komfie Manalo, Opalesque Asia: Hedge funds reported their worst monthly return since May 2012 after declining -2.60 in January, with macro hedge funds the only top-level strategy to post positive returns at 0.98%, according to data from Preqin. Compared to its benchmarks, the asset class still outperforms as the leading equity indices registered bigger losses.
The S&P 500 posted -5.07% and MSCI World posted -6.05% — hedge funds pursuing equity strategies returned -4.28%.
Amy Bensted, head of hedge fund products at Preqin, commented, "Having recorded gains of 2.02% through 2015, the hedge fund industry began 2016 with negative returns. January was the lowest monthly performance for the industry since May 2012, as only a handful of fund types and strategies posted positive returns. However, global economic headwinds have seen many public markets fall by in excess of 5%, so the industry has successfully hedged the losses of some investors."
The report added that CTAs returned 1.38% in January, their best monthly performance since they made gains of 3.75% during the same month last year. Funds of CTAs posted negative returns in 2015 of -6.77%; however these funds recorded the highest return (+3.85%) of any fund type in January 2016.
Other key hedge fund performance statistics:
• All fund sizes negative: No leading fund size benchmark emerged from January in positive figures but emerging fund sizes (less than $100mn) provided the best hedging, albeit with ...................... To view our full article Click here
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