Hedge fund H1 gains best since 2009
25 July 2017 London
Image: Shutterstock
The hedge fund industry has recorded one of its strongest H1 performance periods since the financial crisis, according to data and intelligence provider Preqin.
Hedge funds closed their eighth consecutive month of gains in June with 0.57 percent returns.
This brings the industry’s total revenue for the first half of the year to 4.87 percent, its best performance since 2009, when Preqin recorded returns of 16.94 percent.
It is also the first time since 2007 that the industry has seen positive returns in every month for the first half of the year.
Equity strategies funds recorded the highest returns for the month (0.91 percent), taking 12-month performance to 13.62 percent.
Preqin noted that Asia Pacific hedge funds returned 1.53 percent in June, higher than either North America (0.59 percent) or Europe (0.20 percent).
UCITS funds gained 0.05 percent in June, while alternative mutual funds returned 0.24 percent.
Amy Bensted, head of hedge fund products at Preqin, said: “Despite negative investor sentiment at the start of the year, over the past six months the hedge fund industry has recorded one of its strongest H1 performance periods since the global financial crisis.”
“Although we have not seen large monthly gains, consistent performance has bolstered the asset class’ returns, and 12-month performance is now in double digits.”
Bensted added: “Continued investment themes globally—including a more hawkish attitude from central banks, as well as more settled markets in Europe and Asia—have allowed discretionary fund managers to pull ahead.”
Hedge funds closed their eighth consecutive month of gains in June with 0.57 percent returns.
This brings the industry’s total revenue for the first half of the year to 4.87 percent, its best performance since 2009, when Preqin recorded returns of 16.94 percent.
It is also the first time since 2007 that the industry has seen positive returns in every month for the first half of the year.
Equity strategies funds recorded the highest returns for the month (0.91 percent), taking 12-month performance to 13.62 percent.
Preqin noted that Asia Pacific hedge funds returned 1.53 percent in June, higher than either North America (0.59 percent) or Europe (0.20 percent).
UCITS funds gained 0.05 percent in June, while alternative mutual funds returned 0.24 percent.
Amy Bensted, head of hedge fund products at Preqin, said: “Despite negative investor sentiment at the start of the year, over the past six months the hedge fund industry has recorded one of its strongest H1 performance periods since the global financial crisis.”
“Although we have not seen large monthly gains, consistent performance has bolstered the asset class’ returns, and 12-month performance is now in double digits.”
Bensted added: “Continued investment themes globally—including a more hawkish attitude from central banks, as well as more settled markets in Europe and Asia—have allowed discretionary fund managers to pull ahead.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
