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 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   |   
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