Monday, 20 October 2014
Last updated 33 min ago
May 7 2013 | 1:29pm ET
Equity long/short hedge funds are on track to return over 20% in 2013—their best performance in over a decade—having returned over 6% in the first four months, reports eVestment.
Oddly, given this strong performance, long/short equity funds had the highest net investor outflows in 2012 and have continued to see outflows into 2013.
Hedge funds generally returned 1.04% on average in April, putting them up 4.6% for the first four months of 2013, according to the data provider.
Commodity funds remain the only strategies in the red, a fact eVestment attributes to their aggregate long-bias to commodity prices. Commodities strategies lost 0.85% in April and are down 2.28% YTD.
Sharp price drops for gold and silver mid-April were not meaningful across the industry, says eVestment, although they may have hurt funds with dedicated precious metals exposure (see: John Paulson's Gold Fund).
Credit strategies posted modest April gains and look set to duplicate their 2012 performance. ABS and MBS focused funds were up 1.00% and 1.20%, respectively, in April and 8.9% and 5.1% YTD.
Managed futures added 1.02% in April to bring their YTD totals back into the black.
Regionally, says eVestment, exposure to Japan’s monetary policy-driven equity market boom has produced once-in-a-generation hedge fund performance: Japan-focused funds are up nearly 20% through April.
China funds rebounded over 2% in April and emerging Europe-focused funds shed almost 2%, although emerging-Europe funds have performed better than their China counterparts YTD.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...