Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information.
Saturday, 10 December 2016
Last updated 4 hours ago
Feb 18 2014 | 8:17am 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.