Equity L/S Funds Up YTD Despite Aug Losses

Sep 13 2013 | 9:31am ET

Equity long/short funds lost 0.56% in August 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, 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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of