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Alternative Market Briefing

Opalesque Roundup: 80% of hedge funds outperformed global equity market in March: hedge fund news, week 18

Monday, May 04, 2020

In the week ending May 1st 2020, Preqin said that the Preqin All-Strategies Hedge Fund benchmark generated a loss of 10.38% in Q1 2020, all but erasing the annual gain of 10.97% made in 2019. But given that the S&P 500 Index fell by 20.00% in the first quarter of this year, hedge funds performed better than traditional stock market funds.

Eurekahedge also said that hedge fund managers were down 6.00% in March 2020 (-7.6% YTD), outperforming global equities which languished 13.99% over escalating COVID-19 outbreak concerns. Around 80% of the hedge fund managers tracked by Eurekahedge were able to outperform the global equity market during the month.

Meanwhile, in the space of alternative strategies, Lyxor research points to a solid performance of Event-Driven in April - Special Situations and Merger Arbitrage outperformed, up +3.8% and +2.7% month-to-date (as of April 21st), respectively.

In new launches, Constitution Capital Partners, a leading alternative investment manager focused on North American private equity and private credit, ......................

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