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Alternative Market Briefing

Hedge funds record returns of 0.97% in August (+4.67% YTD) in longest winning streak since 2012

Thursday, September 15, 2016

Komfie Manalo, Opalesque Asia:

After six successive months of gains, the hedge funds industry recorded its longest period of monthly gains since the 12 consecutive months of gains in June 2012-May 2013, according to data provider Preqin.

The Preqin All-Strategies Hedge Fund benchmark returned 0.97% in August 2016, taking overall industry performance in 2016 YTD to 4.67% and 12-month performance to 4.86%. All leading strategies recorded positive performance; equity strategies were again the best-performing leading strategy, returning 1.31% for the month (4.59% YTTD), while event driven funds returned 1.10% (7.14% YTD) and credit funds 0.91% (5.13% YTD).

"Preqin’s recent survey of hedge fund investors showed that as a group they were not satisfied with the performance of the hedge fund industry over the past 12 months: almost four out of five stated that their hedge fund investments had not met their performance expectations," Amy Bensted, head of hedge fund products at Preqin, commented. "However, as of the end of August the hedge fund industry has now recorded six consecutive months of gains, and all leading strategies are showing gains in 2016 so far. That said, August represents another month of industry gains of less than 1.00%. In fact, of the past six months, three have seen returns below this threshold, which may be a factor in some investors’ dissatisfaction."

Bensted added, "However, some strategies an......................

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