Hedge funds positive in 2009
Hedge funds have recorded positive returns in 2009, with Australian hedge funds posting results of 0.14 per cent since the start of the year, according to data released by Eurekahedge.
However, the gains appear to be precarious, with Eurekahedge recording a drop of 0.5 per cent in February after a rise of 0.64 per cent in January.
Managed futures have continued to perform well, with a return of 2.97 per cent for 2009. Event-driven strategies and multi-strategy have also recorded positive returns for the year, with returns of 0.44 per cent and 0.32 per cent respectively. Only long-short equity went negative in 2009, with a drop to minus 0.4 per cent.
Global hedge fund redemptions slowed in February, with a drop to $11 billion from $30 billion in January, according to data received from 41 per cent of reporting funds.
Hedge fund returns were minus 20 per cent in 2008 in Australia and New Zealand.
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
