Hedge Funds, Industry Assets Rise In December

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.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.