After a one-month reprieve, the hedge fund industry returned to net outflows in November with USD4.7 billion in redemptions, a reversal from October’s USD1.9 billion in industry inflows.
Results & performance
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for December 2019 measured 1.65 per cent.
The managed futures industry closed the year with a second consecutive profitable month and rose 0.20 per cent in December, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions. For the full year, CTAs returned 5.15 per cent.
EEX Group achieved major increases in all territories and across the majority of its portfolio in 2019 with double digit growth on its power and natural gas markets and with triple digit growth recorded on its freight markets.
Hedge funds finished 2019 on a high note in December, posting an industry-wide 1.73 per cent return for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
H2O Asset Management, Bruno Crastes’ bond-focused discretionary macro hedge fund, which this year marks its tenth anniversary, has posted sterling year-end gains after facing investor pressure this past summer.
The recent underperformance of momentum stocks suggests the prevailing trends of recent years are drawing to a close - potentially making alpha generation increasingly challenging for hedge funds, according to Man Group analysts.
TriOptima sets new record for FX forwards compression with USD9.1tn gross notional value compressed in 2019
Counterparties using the triReduce CLS FX compression service have eliminated USD9.1 trillion of gross notional value from their FX forward portfolios in 2019.
Hedge fund managers were up 1.52 per cent in December, pushing their year-to-date return to 8.58 per cent.
– Timing and discipline “key” to returns in 2020, says BlueBay –
Macro-focused hedge funds have enjoyed a resurgence in recent months, generating a 6.50 per cent annual gain in 2019, aided by a 1.73 per cent return during the final quarter of the year, according to eVestment’s aggregated hedge fund performance data.