- Advertisement -
- Advertisement -

Related

Equity Strategies Emerge As April Winners

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – According to the April report from eVestment, hedge funds have returned an average of +0.66% for the month of April 2017 (+3.04% YTD), continuing a winning streak since the outset of the year. The proportion of managers with positive returns returned to around the 70% during the month, while volatility was extremely low, with the month registering the smallest difference between average gain and average loss in over five years.

Long/Short Equity and Activist strategies are the primary winners of 2017 so far, the report finds, with equity strategies leading the pack in a month that was positive for all major strategies, with the drag from European equity exposure on L/S equity managers in 2016 largely lifted.

However, the large macro and managed futures universes have experienced difficulties, with over half performing poorly in 2017, despite these being where the majority of new assets have been allocated this year due to their outperformance through 2016.  Seven of the ten largest reporting funds through April were down in 2017.

In addition, commodity strategies posted their third consecutive loss in April, making that universe the most negative of any asset class or primary strategy for the year thus far, following underperformance of its largest products.

Emerging Markets continued to roar ahead as they have done since the beginning of the year, producing returns double those of developed market strategies for the fourth month in a row. India vastly leads the pack of universally positive EM exposures, with returns nearly doubling any other regional focus. China-focused funds held their own, however, being up 10% in 2017 despite flows indicating cautious investor behaviour.

Read eVestment’s April report here.

 

 

 

 Picture: (c) violetkaipa—shutterstock.com

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Glenn Leaper, PhD
Glenn Leaper, PhD
Glenn W. Leaper, Associate Editor and Political Risk Analyst with Nordic Business Media AB, completed his Ph.D. in Politics and Critical Theory from Royal Holloway, University of London in 2015. He is involved with a number of initiatives, including political research, communications consulting (speechwriting), journalism and writing his post-doctoral book. Glenn has an international background spanning the UK, France, Austria, Spain, Belgium and his native Denmark. He holds an MA in English and a BA in International Relations.

Latest Articles

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

Origo SELEQT Earns Top Morningstar Rating at Three-Year Mark

Origo Fonder launched its long-only fund, Origo SELEQT, in March 2022, exactly one month after Russia’s invasion of Ukraine. The launch coincided with the...

Split on Stops

Simply put (maybe), stop-orders are designed to exit a position when it moves against the trader beyond a predetermined threshold. Stop orders can be seen to be the...

Visio Allocator Deepens Tech Expertise

Visio Allocator Fund, a Finland-based multi-asset, multi-strategy fund, has strengthened its portfolio management team with the addition of technology specialist John-Axel Stråhlman, who joined...

Building for Agility: ICP and the Next Generation of Nordic Asset Management

By Stephen Roberts, CFA at Enfusion: When a team of seasoned investors from Norges Bank Investment Management (NBIM) set out to launch ICP Asset...

April Market Volatility Tests Nordic Hedge Funds

Markets were unsettled in early April by the surprise announcement of steep U.S. tariffs, triggering an equity sell-off, rising U.S. bond yields, and a...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.