Emerging Markets, Managed Futures Pace 2nd Quarter

Jul 17 2007 | 11:17am ET

Emerging markets and managed futures strategies had the strongest second quarter among hedge funds, according to Morningstar, as the average hedge fund returned 5.25% over the past three months.

Emerging markets added 9.7% in the second quarter. “China funds fueled strong performance, recovering from the market setback in late February,” Morningstar said. “Solid energy markets in Russia and Brazil bolstered returns for many of the emerging markets funds.”

For their part, managed futures funds posted a mean return of 6.82%, led by trend-following strategies. Equity net-long funds returned 5.84% on the quarter, equity variable 4.87%, event-driven 4.82% and merger arbitrage 3.45%.

The data provider noted that hedge funds slightly underperformed the Standard & Poor’s 500, which added 5.81% during the quarter. But the 8,000 hedge funds in the Morningstar database on average have exceed the S&P500 year-to-date, 7.77% to 6.96%.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...