Tue, Oct 23, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds lag well behind 2017 returns: eVestment

Friday, October 12, 2018

Laxman Pai, Opalesque Asia:

Global hedge fund industry performance dipped into the red in September, with overall industry returns at -0.17% last month, according to the latest eVestment report.

The investment data and analytics firm said that this brings third quarter (Q3) returns to just "barely positive" at 0.30% and year to date (YTD) returns to +0.53%.

This is a far cry from the industry's aggregate return of 8.92% for 2017 and, in a generally strong investment market, could reignite concerns about the hedge fund industry, it added.

Among primary strategies, Distressed funds were the big winners in September. These funds had returns of +0.84%, bringing YTD returns to +4.92%, putting Distressed funds at the top in returns among primary strategies.

Origination & Financing funds are another bright spot for the year. While these funds' September returns were only +0.28% last month, YTD returns for the strategy stand at +4.33%.

On the flip side, Event Driven - Activist funds were the worst performers among primary strategies, at -2.14%. bringing YTD returns down to -2.38%, it said.

Russia-focused hedge funds surprised in September with positive returns of +3.75%, although September's positive results weren't enough to make up for negative returns for the quarter and the year.

India-focused funds continued to disappoint after a stellar 2017 (when these funds returned +32.87%). In September, India-focused fund returns were negative at -11.68%, wi......................

To view our full article Click here

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. BB&T Securities to bolster alternative investment offerings with CAIS platform[more]

    Laxman Pai, Opalesque Asia: The financial services firm BB&T Securities has selects the financial product marketplace CAIS to expand alternative investment access for advisors. A press release from the wholly owned subsidiary of BB&T Corporation said that with CAIS, it will gain access to pr

  2. Europe: Europeans up interest in unconstrained bond strategies, Generali steps up efforts to build multi-boutique business, Nordea bank in new Russia funds complaint, FCA proposes climate risk reporting duty for asset managers[more]

    Europeans up interest in unconstrained bond strategies Unconstrained bond assets are on the rise. Across both retail and institutional accounts, assets under management in these strategies rose from $153.2 billion in Q2 2013 to $289.7 billion in Q2 2018, for a five-year compound annual

  3. Robert Citrone's discovery cashes in on bearish bets[more]

    From Institutional Investor: The macro hedge fund is riding strong gains since mid-year thanks to savvy wagers against Italian fixed income and other instruments. Macro hedge funds are finally getting a reprieve, between the bond market selloff and overall financial market volatility - two even

  4. Hedge funds at the 'core' of stock slump may be done offloading, Why hedge funds will stick with ever-risky short volatility trades[more]

    Hedge funds at the 'core' of stock slump may be done offloading From Bloomberg: One quantum of solace for bruised stock bulls: Some of the usual suspects behind last week's rout may be done frightening markets. Equity long-short hedge funds are among the worst-performing categori

  5. Investing: Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks, U.S. fund investors pull most cash from bonds since February -ICI[more]

    Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks From CNBC: Billionaire hedge fund investor Leon Cooperman confirmed to CNBC on Wednesday that he has personal money in the cannabis industry, noting investments in a few young marijuana companie