Mon, Mar 8, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund performance declines in October for the second month in a row

Friday, November 13, 2020

Laxman Pai, Opalesque Asia:

Hedge funds continued to face a difficult market environment in October as for a second consecutive month the majority of funds saw performance declines, said a report by eVestment.

According to the report, the average return in the hedge fund industry came in at -0.21% in October. The tough first quarter of the year leading up to the global pandemic and the past two months have left the industry at a just-barely-positive +0.74% return year to date (YTD). This is a stark contrast to the +10.05% return the industry put up for all of 2019.

Less than half (47%) of hedge funds produced positive results in October, and there weren't any exceptional groups of performance winners or losers among the fund categories eVestment tracks.

Among primary hedge fund strategies eVestment tracks, just under half - Event Driven-Activist, Multi-Strategy Credit, Distressed, Convertible Arbitrage, Relative Value Credit, and Event-Driven - turned in a positive average performance for October, but none reached +1%, said the report.

According to eVestment, the highest concentration of positive performing strategies YTD has been within Convertible Arbitrage with 80% of reporting funds posting positive performance and the segment sitting at +6.65% YTD.

Equity-Technology funds are the strongest performers YTD among sub-sector exposures eVestment tracks. While these funds' average performance in October was only +0.60%, their YTD average performance stands a......................

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. SPAC and ESG fads are on collision course with billions at stake[more]

    From Bloomberg: Two of the hottest equity market trends are headed for a clash as some ESG investors are having second thoughts about blank-check firms that have flooded the market. Early signs show that money managers wedded to environmental, social and governance themes are reluctant to buy in

  2. SPACs: Casdin, Corvex are on a SPAC tear, Carvana becomes the darling of hedge funds, YieldStreet explores creating a SPAC of its own, SPAC wave stirs IPO competition[more]

    Casdin, Corvex are on a SPAC tear From Institutional Investor: Casdin Capital and Corvex Management are the latest serial blank-check sponsors.The two hedge fund firms filed plans for their third special purpose acquisition company, or SPAC, just two days after pricing their second one a

  3. New Launches: Vector Group launches new proptech fund[more]

    Vector Group announced the launch of New Valley Ventures, an investment vehicle seeking opportunities in next-generation technologies in the property technology (PropTech) space. New Valley Ventures will invest in promising PropTech startups committed to supporting rapid transformation of the real e

  4. SPACs: Perceptive Advisors lays out the $8bn hedge fund's SPAC strategy, SPAC boom fades as ETFs tracking blank-check firms crater amid risk-off sentiment, Are blank cheque companies surrogates for private equity?[more]

    Perceptive Advisors lays out the $8bn hedge fund's SPAC strategy From MSN: Compared to the average SPAC sponsor, Perceptive Advisors' track record has been phenomenal. Less than a third of SPACs that took a target company public between 2015 and the summer of 2020 generated positive retu

  5. Opalesque Exclusive: ESG factors reflect very serious changes on how dollars will be invested in the future[more]

    B. G., Opalesque Geneva: As reported yesterday, credit rating and research company