Lower returns for the hedge funds was well below the returns for the major equity index ETFs. CTAs did better, generally posting small gains. Volatility has increased in the U.S. with Europe following. It seems likely that some gains were made in the interest rates, but the FX markets have been sideways for the past three months and Brexit has not made much of a different.
Industry Benchmark Performance Early reporting shows that the Hedge Fund Industry turned in another profit, bring the total of all funds reporting to 10% for the year. Long-only funds did much better, as we would expect, up over 16%. Only the Fund of Funds were disappointing. Futures posted reasonably good gains, unusual during a strong …
Our very early look at Industry returns shows that CTAs performed slightly lower than our programs, with gains of between 1% and 2% compared to 1% to 3%.
Equity returns through October are running 3% to 11%, with the best being the long equity portfolios. That makes sense when the market is near or at all time highs.
Industry Benchmark Performance Fractional gains for equities funds, moderate losses for futures, larger for trend-following systems. Equities have been exceptionally volatile given both economic and political news, although the economic news, the lowest manufacturing numbers released at the end of September, seems to have had the most affect. Futures, which normally profit from interest rate …
Industry Benchmark Performance Due to the holiday weekend, hedge fund postings are slow. There are no fund of funds or multi-strategy results yet showing on Barclays website. What is posted looks good for futures, with the BTOP50 higher by 16.25% for 2019, a very good performance by any standards. Most of the gains are in …
Industry Benchmark Performance Yet another month of gains, this time spurred on by hopes of the Fed reducing rates. The ¼ point reduction on Wednesday did not satisfy the market, but no sooner than it was announced, traders are looking for another ¼ point. The three benchmark equity index markets are giving investors great returns …
Industry Benchmark Performance Nothing seems to hold the stock market down. If there is bad news, it expects the Fed to lower rates. If good news, everything is fine. Hedge funds are lagging the major index markets but still putting in a respectable performance for the year. Overall CTA performance is also good, although the …
Industry Benchmark Performance A nasty month for most equity programs, but year-to-date returns are still positive. Futures are mixed with smaller losses but smaller 2019 gains. Bonds have had the biggest rally, but it’s not enough to offset all the other uncertainty. Blogs and Recent Publications Find this at the end of this report. We …
Industry Benchmark Performance More small gains for hedge funds, putting the overall index up by 6.35% for 2019, slightly lower than our trend performance. Equity Long, however, is higher by 9.9% for 2019, showing that taking advantage of the upwards bias in stocks pays off. CTA’s search for a trend has some good results, with …
