- Advertisement -

Related

Equity Hedge Funds Get Hammered in December, Industry Suffers Worst Year Since 2011

- Advertisement -

Stockholm (Hedgenordic) – Long/short quity hedge funds had its worst month since August 2011 in December according to data from Hedge Fund Research. The month-to-date loss for the HFRX Equity Hedge Index was 4,6 percent bringing year-to-date returns to -9.7 percent. For the overall hedge fund industry, 2018 was almost equally bad with the HFRX Global Hedge Fund Index ending the year with a loss of 7 percent, after suffering a 2.2 percent drop in December. That is the worst yearly performance since 2011 when the index lost 8,9 percent.

Monthly performance of long/short equity hedge funds according to Hedge Fund Research. December loss worst since August 2011. Chart compiled by Deutsche Bank and derived from www.zerohedge.com.

Among the most widely known hedge funds globally, not many managed to provide equity market protection during the month and high-profiled names such as Greenlight Capital, Cantab and Transtrend (through the Tulip trend fund which is a leveraged version of Transtrend´s flagship program) suffered heavy losses on the year, according to data from HSBC.

The top and bottom performing hedge funds in 2018 according to HSBC. Table derived from www.zerohedge.com.

With regards to Nordic hedge funds, data is yet to be retrieved for the underlying funds constituting the Nordic Hedge Fund Index, however, already in November the index was on track for its worst performance since 2011 with a year-to-date loss of approximately 2 percent. This was on the back of the index suffering its worst monthly loss in ten years in October (see separate story here). Judging from the intra-month numbers presented in December, the month provided no relief for Nordic hedge fund managers.

We will return with a complete 2018 review for the NHX index as soon at it has been updated.

Photo by Zachary Young on Unsplash

 

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

Our newsletter is sent once a week, every Friday.

HedgeNordic Editorial Team
HedgeNordic Editorial Team
This article was written, or published, by the HedgeNordic editorial team.

Latest Articles

Diversification is Easy to Buy, Hard to Get: The Liquid Alternatives Test

By Luc Dumontier, CIO Global Asset Management, iM Global Partner: Rarely have global portfolios carried such concentrated exposure to a single bet. US equities...

Unlocking a Third Active Lever

By Steven Braun and Corey Hoffstein: Long-only active management traditionally has two levers for generating excess returns. The first is security selection: owning securities...

Active and Alternative ETFs Gain Ground as Market Splits Between Cost and Value

The ETF market is entering a new phase in which growth is increasingly concentrated at opposite ends of the cost spectrum. While ultra-low-cost passive...

Beyond Passive: How Institutional Investors Are Reshaping Europe’s ETF Market

Flows into exchange-traded funds (ETFs) continue to show little sign of slowing, but the record asset growth tells only part of the story. Beneath...

Finding Leverage: From Ecology to Asset Management

By David Seekell: The biggest change since moving from academia to asset management is that I started getting advertisements for private jets in my...

Azpire Capital Brings Systematic Long/Short Strategy to Digital Assets

A trio of founders from Aarhus, Denmark, is launching a fund built around a systematic long/short strategy for digital asset markets. After almost two...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -