Tue, Jul 14, 2020
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge funds gain in October, but managed futures funds drag

Wednesday, November 13, 2019
Opalesque Industry Update - The global hedge fund industry saw an average return of +0.55% in October, bringing year to data (YTD) average industry returns to +7.09%, according to the just-released October 2019 eVestment hedge fund performance data. Managed Futures funds, which saw returns at -1.73% in October, were the primary reason aggregate returns were not more positive last month.

In addition to Managed Futures, Distressed funds (-0.54%), Macro funds (-0.25%) and Multi-Strategy funds (-0.11%) were the other strategies that produced negative results in October.

YTD 83% of funds tracked by eVestment have produced positive results, with average gains among positive performers of +11.25% for the year.

Origination & Financing funds were the big performance winners in October, producing returns of +1.75%. With YTD returns at +7.26%, Origination & Financing funds are among the top performing strategies for the year as well.

Event Driven - Activist and Long/Short Equity funds were also strong performers in October with returns of +1.43% and +1.17% respectively. With YTD performance well north of 9% for both types of funds, Event Driven - Activist and Long/Short Equity funds are the strongest performing funds among the fund strategies eVestment tracks.

China-focused hedge funds were the overall hedge fund performance winners in October, returning +3.75% for the month, which brought YTD performance to +18.26%.

India-focused funds had a strong October, returning +3.57%, but those returns weren't enough to erase the red from an overall challenging year for these funds, which stand at -1.30% performance YTD.

Russia- and Brazil-focused funds are also seeing strong returns, with October performance at +2.57% for Russia-focused funds and +1.20% for Brazil-focused funds, bringing YTD returns for these funds to +18.80% and 13.04% respectively.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. PPP: Troubled firm Marto Capital asked for PPP money - and got approved, records show, Fallen hedge fund's head among money managers getting PPP relief, Wall Street investors scored emergency government loans amid pandemic, The asset managers approved for PPP money[more]

    Troubled firm Marto Capital asked for PPP money - and got approved, records show From Institutional Investor: Marto Capital - a former wunderkind founded by an ex-Bridgewater Associates star - got approved for emergency funds from the U.S. government, records showed Monday. Katina Stef

  2. PE/VC: Not all VC investors are being slowed down by the pandemic, GP-led secondaries to increase in post-Covid-19 resurgence, Some private-equity firms see early signs of a deal thaw, New York private equity goes for the jugular in Germany[more]

    Not all VC investors are being slowed down by the pandemic From Pitchbook: As the venture capital industry pumped the brakes on dealmaking, a handful of investors are taking a different tack. Among the top 20 most active US VC firms with assets under management of $500 million or more,

  3. Satori Capital buys into hedge fund manager Mountain Cove Capital Management[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has agreed to back compatriot investment firm Mountain Cove Capital Management. Satori, a multi-strategy firm with more than $1 billion in assets under management, co

  4. SEC proposes to amend Form 13F[more]

    B. G., Opalesque Geneva: The Securities and Exchange Commission (SEC) said on Friday that it had proposed to amend Form 13F - for the first time in more than 40 years. The proposal will update the reporting threshold (currently at $100m) for institutional investment managers and make other change

  5. News Briefs: An amateur investor turned $15,000 into $1m then lost it all, the latest cautionary tale in the day-trading frenzy, SoftBank-Backed Beike Zhaofang Aims to Raise $3bn in U.S. IPO[more]

    An amateur investor turned $15,000 into $1m then lost it all, the latest cautionary tale in the day-trading frenzy From Business Insider: Robinhood-user Richard Dobatse said he turned $15,000 into $1 million, and then lost everything. He told the New York Times: "They make it so easy fo