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Alternative Market Briefing Weekly

Opalesque Roundup: Gaining just just 4.9% YTD, hedge funds record best performance in this span since 2013: hedge fund news, week 38

Saturday, October 12, 2019

In the week ending October 11th 2019, Hedge Fund Research said that hedge funds gained 4.9% on average in the first three quarters of 2019, the best performance in this span since 2013.

In September, hedge funds posted mixed performance as quantitative, trend-following CTAs declined, reversing August gains, on rising U.S. interest rates, while equity markets traded in a wide intra-month range, said HFR.

Meanwhile, the Eurekahedge Hedge Fund Index lost 0.32% in September dragging year-to-date return to 5.67% despite the recovering investor risk sentiment, which pushed the global equity market up 2.04% over the month. eVestment's numbers on aggregate hedge fund industry performance also slipped into the red again in September (-0.11%).

Further in performance news, prominent hedge funds lost money in September, a swift comedown after a relatively strong run for the industry at large. Several technology-focused funds were among those hit hard. Tiger Global Management LLC, a hedge fund founded by billionaire Charles "Chase" Coleman, lost 7.4% last month, said people familiar with the numbers; On the positive side, AlpenRoute Asset Management has gained 81% in its flagship fund since inception in July 2016 by investing in unlisted companies such as the firm behind K-pop boy band BTS; Chris Hohn's TCI Fund Management extended its already strong gains in the third quarter as the London hedge fund firm was up between 2 percent and 3 percent in the September period, boosting its gain for the year to 29.3 percent, according to an investor. Pershing Square Holdings was fl......................

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