Saturday, 28 November 2015
Last updated 1 day ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…