Activist hedge funds among August top performers
13 September 2018 London
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Activist funds featured among the top performing hedge funds in August, according to Mark Scott in a post on the eVestment blog, this week.
The latest eVestment hedge fund performance data show that overall industry hedge fund performance in August came in at 0.04 percent. This brought the year-to-date (YTD) 2018 industry performance to 1.10 percent.
Among primary strategies, event driven-activist funds were among the big winners in August, with performance of 1.93 percent, bringing YTD performance to an increase of 2.72 percent.
Scott identified a number of other interesting figures in the August data. Managed futures funds also put up strong returns, an increase of 1.77 percent for the month.
The performance of these funds is, however, still negative for the year at a decrease of 1.83 percent.
Macro funds were the only primary strategy to post negative returns for the month, with performance coming in at minus 0.30 percent, he wrote.
Multi-strategy funds and market-neutral equity funds saw an increase of 0.04 percent and 0.09 percent respectively.
Bigger wasn’t better in August, Scott commented. The 10 largest hedge funds reporting to eVestment came in negative at a decrease of 0.04 percent in August, although they are positive for the year, up 1.30 percent.
Funds focussed on the Brazil, Russia, India and China (BRIC) countries were generally negative in August, Scott added. Only India-focused funds eked out positive results for the month with an increase of 0.08 percent.
These funds are, however, deeply negative for the year at a decrease of 10.06 percent and far from what Scott referred to as their stellar performance which saw an increase of 32.87 percent in 2017.
The latest eVestment hedge fund performance data show that overall industry hedge fund performance in August came in at 0.04 percent. This brought the year-to-date (YTD) 2018 industry performance to 1.10 percent.
Among primary strategies, event driven-activist funds were among the big winners in August, with performance of 1.93 percent, bringing YTD performance to an increase of 2.72 percent.
Scott identified a number of other interesting figures in the August data. Managed futures funds also put up strong returns, an increase of 1.77 percent for the month.
The performance of these funds is, however, still negative for the year at a decrease of 1.83 percent.
Macro funds were the only primary strategy to post negative returns for the month, with performance coming in at minus 0.30 percent, he wrote.
Multi-strategy funds and market-neutral equity funds saw an increase of 0.04 percent and 0.09 percent respectively.
Bigger wasn’t better in August, Scott commented. The 10 largest hedge funds reporting to eVestment came in negative at a decrease of 0.04 percent in August, although they are positive for the year, up 1.30 percent.
Funds focussed on the Brazil, Russia, India and China (BRIC) countries were generally negative in August, Scott added. Only India-focused funds eked out positive results for the month with an increase of 0.08 percent.
These funds are, however, deeply negative for the year at a decrease of 10.06 percent and far from what Scott referred to as their stellar performance which saw an increase of 32.87 percent in 2017.
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