Friday, 29 August 2014
Last updated 14 hours ago
Mar 8 2012 | 9:21am ET
Hedge funds added 2.14% in February, bringing their YTD gains to almost 5%, their strongest start to a calendar year since 2000, according to Hedge Fund Research.
The healthy 2012 debut was thanks, in large part, to strategies that underperformed in 2011, according to HFR. Equity hedge funds added 2.99% in February (6.9% YTD) while event driven funds added 1.89% (4.56% YTD) with significant positive contributions from activist and special situation funds.
Fixed income-based relative value arbitrage funds gained 1.7% in February (3.6% YTD) thanks to spread tightening and strong liquidity.
Macro funds were up 1.2% in February (2.4% YTD) despite the volatile commodity and trend-following environment. Systematic, trend-following macro funds gained 1.1% in February and have gained 1.5% so far in 2012.
Emerging markets funds posted strong gains of 4.3% in February, for a YTD gain of 9.3%. HFR says performance was strong across all emerging markets but Russian and Eastern Europe strategies did particularly well, up 12.7% so far in 2012.
"Hedge fund performance through early 2012 has benefitted from improvement or total reversal of the trends, sentiment and volatility which contributed to the challenging environment in 2011," said Kenneth J. Heinz, president of HFR. "While many of the macroeconomic risks remain salient in the current environment, fundamental and convergence-oriented themes and positions have gained traction on improvements and optimism across U.S. and European economic outlooks. While equity market volatility may rise from early 2012 subdued levels, hedge funds are well positioned in the current environment to opportunistically adjust exposures and generate gains across multiple asset classes globally in 2012."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...