Wednesday, 30 July 2014
Last updated 11 hours ago
Dec 18 2012 | 10:45am ET
Hedge funds added 0.42%, bringing year-to-date gains to 4.39%, and attracted an additional $5.9 billion in November, according to the latest data from Eurekahedge.
Hedge funds worldwide now manage $1.77 trillion and North America remains the fastest-growing hedge fund region, with total assets up $56 billion since the start of the year at $1.22 trillion.
Distressed debt funds are up 10.51% YTD in November with European distressed debt funds returning over 20%. Relative value funds posted a sixth consecutive month of gains, adding 0.47% in November putting their YTD gains at 9.19%.
Most strategies finished November in the black, led by even-driven hedge funds, up 1.27%. (Within this category, European event-driven funds posted their strongest monthly gains in two and a half years, rising 3.99%, in November.) Distressed debt managers were up 0.42% on average, macro managers posted the only losses, falling 0.19%.
In regional terms, Japanese hedge funds reported the strongest November returns, up 1.16%, while North American funds posted the only loss, down 0.08%. YTD, emerging markets funds have turned in the best performances—Latin American funds are up 8.34% as of end-November.
The asset weighted Mizuho-Eurekahedge Index was up 0.33% in November. The largest gains were posted by equity investing funds focused on emerging markets and the top five performers of the index contained two long-biased Indian equity hedge funds.
In regional terms, the Mizuho-Eurekahedge Asia ex-Japan Index posted the best performance in November, gaining 2.12%.
There have been 750 hedge fund launches in 2012 (as of the end of October).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…