Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Hedge funds up 0.88% in April

Tuesday, May 17, 2016
Opalesque Industry Update - Eurekahedge reported that hedge funds were up 0.88% in April. On a year-to-date basis, hedge funds gained 0.39% - 51.4% of managers were in the red in April 2016 year-to-date compared to 21.2% of managers who posted negative year-to-date returns over the same period in 2015.

All strategic mandates were up this month with relative value hedge funds posting the best returns among all strategic mandates up 1.96%. This is followed by event driven and macro hedge funds which increased 1.34% and 1.14% respectively.

Long/short equities hedge funds were the only mandate to post negative year-to-date returns and lost 1.35%, the strategy's worst year-to-date returns since 2008.

Latin American hedge funds were up for the third consecutive month, leading the tables with gains of 3.93%. On a year-to-date basis, Latin American hedge fund managers also topped the tables with 9.61% of returns. Year-to-date investor allocations for Latin American currently stands at US$0.7 billion, having seen three consecutive months of inflows for the period ending April.

Japan-mandated hedge funds were the only regional mandate to post negative returns in April, down 0.80%. On a year-to-date basis, Japan managers decreased by 3.60% - the mandate's worst year-to-date return on record.

European managers posted their fourth consecutive month of performance-based declines, totaling US$7.4 billion on a year-to-date basis. On the other hand, European managers also recorded the highest investor allocations across all regional mandates with US$13.2 billion on a year-to-date basis.

Asia ex-Japan managers were up 0.92% in April, and down 1.93% year-to-date. As of April 2016, investors have allocated US$2.9 billion into Asia ex-Japan mandated hedge funds while a performance-based decline of US$2.5 billion was recorded.

The CBOE Eurekahedge Relative Value Volatility Index was up 0.59% in April and 2.36% on a year-to-date basis, leading the suite of CBOE Eurekahedge Volatility Indexes.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1