Emerging markets drive hedge fund returns
Hedge funds performed better than expected last year largely driven by emerging markets, according to the Credit Suisse Tremont Hedge Fund Index, released this week.
The index finished the year revealing a total return of 13.86 per cent.
The president of the Credit Suisse Tremont Index, Oliver Schupp, said the result was stronger than expected and had been driven by a favourable market environment.
“Record highs in global markets and mergers and acquisition activity, along with a stronger than expected earnings season, a pause in the continual increasing of interest rates by the Federal Reserve, high energy prices and volatility fluctuations were positive contributors,” he said.
According to the index, emerging markets were the best performing sector last year — up 20.49 per cent.
The Credit Suisse/Tremont Hedge Fund Index is comprised of 433 funds and includes both open and closed funds located in the US and offshore.
AUTHOR
Mike Taylor
Recommended for you
The $673 billion global investment manager has appointed a former Zenith sales head as it seeks to expand its reach in the Australian wealth management market.
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.
