Saturday, 30 August 2014
Last updated 1 day ago
Jan 14 2014 | 8:04am ET
Hedge funds were up 0.99% in December, according to the Eurekahedge Hedge Fund Index, ending the year on an optimistic note.
All strategies tracked by the data provider were in the black in December, led by equity long/short funds, up 1.48%; distressed debt funds, up 1.34%; and relative value funds, up 1.33%.
For the full-year, all strategies except CTA/managed futures—down 0.35%—were in positive territory. This time, it was distressed debt funds that led, up 16.76% on the year; followed by equity long/short, up 14.87%; event-driven, up 11.40%; fixed-income, up 8.07%; arbitrage, up 6.68%; multi-strategy, up 6.34%; relative-value, up 5.70%; and macro, up 1.77%.
Regionally, Japan-focused hedge funds triumphed, adding 26.62% on the year (2.01% in December). Asia ex-Japan funds followed, adding 13.47% in 2013 (0.92% in December); then North American funds, up 10.36% on the year (1.74% in December). European hedge funds returned 8.79% in 2013 (1.04% in December), emerging markets funds returned 5.75% on the year (0.44% in December) and Latin American funds returned 1.57% on the year (0.12% in December).
The only losers were Eastern Europe and Russian funds, which were down 1.30% on the year, despite returning 2.50% in December.
The Mizuho-Eurekahedge TOP 100 Index was up 5.85% in 2013.
Industry assets hit $2.01 trillion in December, their highest recorded level since June 2008, according to the data provider.
Net asset flows for 2013 stood at US$146.1 billion while net allocations to North American managers stood at $73.6 billion.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...