Eurekahedge: FoFs Beat Single Managers In 2013

Feb 18 2014 | 9:17am ET

Funds of hedge funds outperformed single managers in 2013 for the first time ever, according to the latest Eurekahedge data. FoFs ended the year up 8.09%, their best performance in four years.

Single managers were up 8.02% in 2013, according to an earlier report from the data provider.

Final 2013 figures put global hedge fund assets under management at $240 billion—$103 billion in performance-based gains, $137 billion in net asset inflows.

In January 2014, hedge funds beat the MSCI World Index, losing 0.48% to the index's 3.74% drop.

Investors poured $4.4 billion into long/short equities strategies in January, that strategy's 14th consecutive month of positive net-flows. On the flip side, investors pulled $7.9 billion from CTA/managed futures strategies in H2 2013.

Distressed debt hedge funds were the top performers in January, returning 2.05% on the month (North American distressed debt funds were up 3.25%).

The Asian hedge fund universe saw 143 launches versus 108 closures in 2013 and now counts 1,333 funds managing US$146.7 billion.

Average hedge fund management and performance fees for new launches fell to 1.4% and 16.0%, respectively, in 2013.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of