Hedge funds either gained .5% in the first quarter of 2009, or lost .1%, depending on which index you follow. Hedge Fund Research showed a .5% first quarter gain, while Morningstar's 1000 Hedge Fund Index posted a miniscule .1% decline. Total hedge fund industry capital fell to $1.33 billion, $600 billion below its peak.
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Showing posts with label quarterly hedge fund performance. Show all posts
Showing posts with label quarterly hedge fund performance. Show all posts
4.21.2009
4.15.2009
Hedge Fund Redemptions Slow in March
Hedge fund assets under management fell in March by 1% despite an average 2% performance during the same period, according to HedgeFund.net. Roughly speaking, actual redemptions in March amounted to 3% of hedge fund assets. This is seemingly large monthly decline, but it is minor in comparison to the declines in hedge fund assets earlier in the year and in 2008. Hedge fund asset declines for March were about $18 billion compared with declines in December of more than $180 billion.
4.08.2009
Hennessee Hedge Fund Returns for 2009
As hedge fund indeces have different makeups and calculations we are providing a variety of hedge fund performance charts.
Hennessee Hedge Fund Index April 2009
Hennessee Hedge Fund Index April 2009
2009 (Net) | YTD | YTD RANK | JAN | FEB | MAR |
| Hennessee Hedge Fund Index | 1.09% | - | 0.69% | -0.95% | 1.37% |
| Long/Short Equity Index | 1.01% | - | 0.68% | -1.25% | 1.60% |
| Arbitrage/Event Driven Index | 3.38% | - | 2.14% | -0.12% | 1.34% |
| Global/Macro Index | -1.36% | - | -0.82% | -1.28% | 0.74% |
| Asia-Pacific Index | -3.40% | 23 | -2.49% | -1.30% | 0.37% |
| Convertible Arbitrage Index | 9.52% | 1 | 4.15% | 1.80% | 3.30% |
| Distressed Index | -0.64% | 17 | 1.35% | -2.59% | 0.64% |
| Emerging Markets Index | 1.94% | 10 | -0.56% | -0.02% | 2.53% |
| Europe Index | -1.84% | 21 | -1.47% | -1.16% | 0.80% |
| Event Driven Index | 1.07% | 13 | 0.73% | -1.28% | 1.64% |
| Financial Equities Index | 3.68% | 6 | 2.04% | 1.38% | 0.22% |
| Fixed Income Index | 4.75% | 2 | 2.60% | 1.11% | 0.97% |
| Growth Index | 0.01% | 16 | 0.00% | -1.93% | 1.98% |
| Healthcare and Biotech Index | 0.53% | 15 | 0.95% | -3.22% | 2.89% |
| High Yield Index | 2.41% | 8 | 1.45% | 0.11% | 0.83% |
| International Index | -2.82% | 22 | -0.58% | -2.73% | 0.49% |
| Latin America Index | -0.98% | 19 | 1.96% | -2.30% | -0.60% |
| Macro Index | -0.80% | 18 | 0.47% | -1.18% | -0.08% |
| Market Neutral Index | 1.55% | 12 | 1.05% | 0.00% | 0.50% |
| Merger Arbitrage Index | 0.96% | 14 | 0.32% | 0.00% | 0.63% |
| Multiple Arbitrage Index | 4.74% | 3 | 3.64% | 0.45% | 0.61% |
| Opportunistic Index | 3.62% | 7 | 2.83% | -1.44% | 2.23% |
| Pipes/Private Financing Index | 1.58% | 11 | 0.57% | -0.44% | 1.45% |
| Short Biased Index | 1.94% | 9 | 3.78% | 3.73% | -5.31% |
| Technology Index | 3.89% | 5 | 0.47% | -0.49% | 3.91% |
| Telecom and Media Index | 4.53% | 4 | 2.35% | 1.64% | 0.67% |
| Value Index | -1.37% | 20 | -0.48% | -2.47% | 1.62% |
| Dow Jones Industrial Average | -13.30% | - | -8.84% | -11.72% | 7.73% |
| Barclays Aggregate Bond Index | 0.12% | - | -0.88% | -0.38% | 3.31% |
| MSCI EAFE (USD) Price Index | -14.64% | - | -9.88% | -10.54% | 5.87% |
| NASDAQ | -3.07% | - | -6.38% | -6.68% | 10.94% |
| Russell 2000 | -15.36% | - | -11.20% | -12.23% | 8.67% |
| S&P 500 Index | -11.67% | - | -8.57% | -10.99% | 8.54% |
Hedge Fund Returns Positive in March, Q1 2009
Hedge Funds Returned 1.8% in March, 2009 and were up fractionally for the first quarter of 2009.
Hedge fund returns for March were up 1.8%, led by returns from equity funds which were up more than 3% on average, according to Hedge Fund Research. Hedge funds were up .5% for the entire first quarter of 2009.
Though hedge funds certainly could use a positive month of returns, the 1.8% gain didn't come close to matching the 8% + return of the S&P 500 in March. However, the modest gain for hedge funds in Q1 was far better than the 11% decline posted by the S&P during that time.
Hedge fund returns for March were up 1.8%, led by returns from equity funds which were up more than 3% on average, according to Hedge Fund Research. Hedge funds were up .5% for the entire first quarter of 2009.
Though hedge funds certainly could use a positive month of returns, the 1.8% gain didn't come close to matching the 8% + return of the S&P 500 in March. However, the modest gain for hedge funds in Q1 was far better than the 11% decline posted by the S&P during that time.
3.18.2009
2008 Hedge Fund Redemptions - A New Record
Hedge fund redemptions for 2008 reached an all-time high as investors pulled money from performing and non-performing funds alike. In 2008 almost 1500 hedge funds shut down, almost double the previous record of 848. Additionally, half of the hedge fund closures in 2008 came in the fourth quarter with 778 hedge funds closing in Q4 2008 alone.
* We have listed several hedge fund closings before, but here is a short list:
Drake Management
Peloton Partners
Ascot Partners
Ospraie Management ($2B+)
Okumus Capital
Gordian Knot ($27B Sigma Finance Fund)
And what list of hedge fund closures would be complete without Bernard Madoff Investment Securities.
and many more can be found at hedge fund implode
* All in all, almost 15% of the hedge fund industry closed shop in 08.
* Hedge fund openings also fell. The 650+ hedge funds that opened in 2008 was the lowest since 2000.
* The number of new fund starts in Q4 2008 (56) was half of that the previous quarter (117)
Read More Here:
* We have listed several hedge fund closings before, but here is a short list:
Drake Management
Peloton Partners
Ascot Partners
Ospraie Management ($2B+)
Okumus Capital
Gordian Knot ($27B Sigma Finance Fund)
And what list of hedge fund closures would be complete without Bernard Madoff Investment Securities.
and many more can be found at hedge fund implode
* All in all, almost 15% of the hedge fund industry closed shop in 08.
* Hedge fund openings also fell. The 650+ hedge funds that opened in 2008 was the lowest since 2000.
* The number of new fund starts in Q4 2008 (56) was half of that the previous quarter (117)
Read More Here:
1.21.2009
Hedge Fund Performance Report
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Record Hedge Fund Redemptions in Q4
Hedge Fund Redemptions Reach Record in Q4 2008:
Hedge fund investors withdrew more than $150 billion from hedge funds in the fourth quarter of 2008, a new record. Several funds including Tudor Investment Group, Citadel Investment Group, Drake Capital, and other large funds were forced to either suspend redemptions or create new lock-on requirements to halt the flow of assets.
Hedge funds lost more than 18% of their value in 2008 and saw total hedge fund assets under management (AUM) drop 30% from $2.0 trillion to $1.4 trillion in 2008.
Read the full article:
Hedge fund investors withdrew more than $150 billion from hedge funds in the fourth quarter of 2008, a new record. Several funds including Tudor Investment Group, Citadel Investment Group, Drake Capital, and other large funds were forced to either suspend redemptions or create new lock-on requirements to halt the flow of assets.
Hedge funds lost more than 18% of their value in 2008 and saw total hedge fund assets under management (AUM) drop 30% from $2.0 trillion to $1.4 trillion in 2008.
Read the full article:
11.10.2008
Best and Worst Months for Hedge Fund Returns
December is the best month for hedge fund performance since 1997. Between 1997 and 2008, the Barclay Hedge Fund Index averaged 2.14% in December compared with a .95% average monthly gain over the time period. The worst month for hedge fund returns was August, with an average return of -.14%, the only month with a negative return.
The best season for hedge fund returns has been the fall, averaging 4.64%. The worst season for hedge fund returns has been the summer, averaging only .84%.
Average Hedge Fund Returns by Season/Quarter 1997-2008
Winter (Q1) Spring(Q2) Summer (Q3) Fall (Q4)
3.16% 2.89% .84% 21.4%
Average Monthly Hedge Fund Returns 1997-2008
J F M A M J J A S O N D
The best season for hedge fund returns has been the fall, averaging 4.64%. The worst season for hedge fund returns has been the summer, averaging only .84%.
Average Hedge Fund Returns by Season/Quarter 1997-2008
Winter (Q1) Spring(Q2) Summer (Q3) Fall (Q4)
3.16% 2.89% .84% 21.4%
Average Monthly Hedge Fund Returns 1997-2008
J F M A M J J A S O N D
| 1.2% | 1.2% | 0.7% | 1.1% | 0.8% | 1.0% | 0.3% | -0.1% | 0.7% | 0.9% | 1.4% | 2.1% |
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