Sunday, 21 December 2014
Last updated 12 hours ago
Sep 13 2013 | 9:26am ET
Equity long/short funds lost ground in August, slipping 0.56%, but remain up 7.76% year to date, according to Deutsche Bank's most recent Markets Prime Finance Hedge Fund Trends.
The median hedge fund lost 0.54% in August, according to DB, led by macro funds, which lost 1.30% on the month. CTA/managed futures funds were down 1.14%, multi-strategy funds down 0.13% and event-driven funds down 0.12%.
On the winning side this month were fixed-income funds, up 0.97%, distressed funds, up 0.78%, market neutral funds, up 0.40% and credit funds up 0.32%.
Regionally, Japan long/short funds were up 17.55% YTD, U.S. long/short funds up 8.56% YTD and European long/short funds up 7.35% YTD.
DB analysts met with a variety of Chicago investors—including family offices, pensions and fund of funds—in August and report significant interest in fundamental, directional long/short equity managers and sector-specific funds (particularly technology and healthcare).
Interest in U.S. credit strategies, on the other hand, was low while interest in European credit and equities has inched up. Multiple investors voiced an interest in “different” or “off the run” managers and strategies uncorrelated to more traditional markets.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.