Hedge Fund Performance Retains Momentum In May, Says Preqin
The Preqin All-Strategies Hedge Fund benchmark returned 0.26 per cent in May, marking the seventh consecutive month of positive returns for the industry. Overall, hedge funds have recorded just three months of losses since the start of 2016. Multi-strategy hedge funds posted the highest returns of any leading strategy, at 1.40 per cent, while relative value funds were the only leading strategy to see losses, recording -0.38 per cent for the month. Despite falling slightly, 12-month returns for the industry are at 10.33 per cent, surpassing the expectations for hedge fund performance that investors gave Preqin at the start of the...
Seven New Liquid Alts Funds Launched In Q1
Seven new liquid alternative funds were launched in Q1 2017, including three equity hedge funds, two relative value funds, one global macro fund and one multi-strategy fund, according to the Wilshire Funds Management Q1 Liquid Alternatives Industry Monitor. There were also 18 liquidations during the quarter.
Convertible Arbitrage – Back From The Dead?
Convertible arbitrage strategies have been an unloved category of the hedge fund landscape since they underperformed during the financial crisis. Over a three-year period to February 2017, performance has been weak, with the HFRX RV: FI-Convertible Arbitrage index losing 1.4% on an annualised basis compared to a 1.7% loss for the HFRX Relative Value index and a 0.5% loss for the HFRX Global Hedge Fund index. Recent performance has been stronger, with the HFRX RV: FI-Convertible Arbitrage index returning 9.7% for the 12 months to February 2017. However, even with this uptick, we see an improving opportunity set, given a...
Hedge Funds: Investors Seek To Reduce Their Exposure
More investors look to decrease their hedge fund investments in 2017 than will increase them, but pressure is not being felt equally across the industry The hedge fund industry may witness further investor redemptions in 2017: twice as many investors intend to reduce their exposure to hedge funds through the year than are looking to increase it. However, Preqin’s latest survey of over 150 active hedge fund investors finds that some leading strategies are more at risk of redemptions than others. Relative value strategies hedge funds are most sought-after, while twice as many investors plan to reduce their allocations to...
Hedge Funds Enter 2017 On Positive Note With 0.84 Gains
Among regional mandates, Latin American hedge fund managers topped the tables, gaining 3.47% while event driven managers posted the best returns, up 1.95% among strategic mandates. Financial markets ...
HFR: Asian Hedge Fund Capital Steady As Funds Outperform Benchmarks
Asian hedge funds led the charge in both the fourth quarter of last year and 2016 as a whole, according to the latest edition of Hedge Fund Research’sAsian Hedge Fund Industry Report, outperforming regional equity markets on strength in event-driven, relative value arbitrage and macro strategies.read more
Asian Hedge Funds Top Equity Markets In Q4 And FY2016
Strong gains across Event-Driven, Relative Value Arbitrage and Macro strategies saw Asian hedge funds top the performance of volatile Asian equity markets in both Q4 and FY 2016, according to HFRâs latest Hedge Fund Industry Report. read more
Most Consistent Top Performing Hedge Funds In 2016
Preqin issues league tables of funds that have consistently generated higher returns and lower volatility than their peers over the past five years Drawing on data compiled for the 2017 Preqin Global Hedge Fund Report, Preqin has created league tables of hedge funds that have most consistently delivered strong, stable performance. These league tables do not seek in any way to endorse these funds, but rather to illustrate those that have performed the most consistently over the period January 2012 – December 2016. Seven leading strategies are represented: equity strategies, macro strategies, event driven strategies, credit strategies, relative value strategies,...
Hedge Fund Aggregate Dips 0.76% In October To End Eight-Month Run
The hedge fund industry ended an eight-month string of consecutive monthly gains with a decline in October, according to eVestment’s latestHedge Fund Performance Report, supported by distressed and relative value credit strategies but hampered by negative returns among CTAs, event-driven and long/short equity managers.read more