Thu, Dec 13, 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. Brexit: Hedge funds make big bets against post-Brexit UK economy, Hedge funds rent a lifeline to stay afloat in EU post-Brexit, Treasury green-lights sale of new EU funds into UK[more]

    Hedge funds make big bets against post-Brexit UK economy From The Guardian: A pair of hedge funds owned by prominent Brexit supporters have made significant bets against companies exposed to the British consumer including big high street names. Odey Asset Management, part-owned by Cr

  2. Trends: Licking their wounds, fund managers prep for rally in '19, Concerns rising over leveraged loan market[more]

    Licking their wounds, fund managers prep for rally in '19 From Reuters: With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last time no asset class returned at

  3. New Launches: Swiss boutique launches EM impact bond fund, Jungle Ventures to raise $200m third venture capital fund, CPR AM licences five funds with new climate rating, Sailing Capital seeks $1.5bn for second fund, Liquid multi-strategy alts focus of new Schroder fund, Vivo Capital rakes in $864m, Swiss group launches sustainable European small-cap fund[more]

    Swiss boutique launches EM impact bond fund From City Wire: Swiss impact investmenting boutique BlueOrchard has launched a Ucits-complaint impact bond fund. The Luxembourg-domiciled Emerging Markets SDG Impact Bond fund will allocate to companies in emerging and frontier markets and aims t

  4. Institutional Investors: PennPSERS earmarks $450m for 3 funds, adds new funds to DC lineup, Qatar Investment Authority has accelerated investments in technology, Elon Musk says he would no longer accept Saudi investment, San Francisco City & County Employees slates $192m for alternatives[more]

    PennPSERS earmarks $450m for 3 funds, adds new funds to DC lineup From PIonline.com: Pennsylvania Public School Employees' Retirement System, Harrisburg, allocated $450 million to three investment funds and added 11 new funds to its defined contribution lineup, confirmed Evelyn Williams,

  5. Emerging technologies, defensive investment strategy on top asset owners' minds: State Street[more]

    Laxman Pai, Opalesque Asia: Nearly half (48%) of the institutional investors surveyed identified emerging technology as a top enabler of growth over the next five years, revealed a study. According to a new research from State Street, the participants identified blockchain, artificial intell