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Alternative Market Briefing

Opalesque Roundup: 59% of hedge funds report positive results for January: hedge fund news, week 08

Monday, February 22, 2021

In the week ending February 19th 2021, eVestment released January 2021 hedge fund performance data which showed that hedge funds started 2021 on a high note with average industry performance of +1.02% with 59% of funds seeing positive results for the month. This follows a tumultuous 2020 which saw the hedge fund business return an average +11.07%.

Meanwhile, according to Lyxor, risk assets experienced a strong rebound in recent weeks, which benefitted Directional L/S (+3.8%) and Special Situation (+2.7%) strategies on a month-to-date basis. On a year-to-date basis, Merger Arbitrage remains the best performing strategy (+2.4%) in a context where SPACs experienced a sharp rebound (+17.9% for the IPOX SPAC Index year-to-date).

In new launches, Carmika Partners, a discretionary investment manager that specializes in quantitative volatility trading, is about to launch Carmika Absolute Return Fund Master Ltd, domiciled in Delaware; Amundi, Europe's largest asset manager, announced t......................

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