eVestment Reports a Hedge Fund Increase of 2.48% during 2014
Following to a report released by eVestment, a provider of institutional investment data intelligence and analytic solutions Hedge funds ended a tumultuous and volatile 2014 with an aggregate performance of +2.48 percent.
That’s
according to according to eVestment’s December, Q4 and Year End 2014
Hedge Fund Performance Report, which reveals that by comparison, in 2013
aggregate hedge fund performance was +10.19%.
Managed
futures funds ended 2014 as the best performing major hedge fund
strategy, returning +8.63% in 2014. The last year managed futures
produced industry leading performance was 2008. The largest managed
futures funds performed far better than their peers in 2014, returning
an average of nearly 14%.
Credit
focused strategies have not enjoyed the recent global volatility and
apparent risk-reduction which have favoured managed futures funds. With
further declines in December of this year, -1.69%, the universe’s fifth
drop in the last six months, credit funds ended 2014 +0.55%, their worst
year since 2008 and second worse since 1998.
December
capped a difficult quarter for strategies focused on equity markets and
across the corporate capital structure. In December, long/short equity
funds were -0.71% (+1.46% for the year); event driven funds declined
-0.24% in December (hitting +2.97% for the year); and convertible
arbitrage managers returned -0.07% (+1.56% for the year).
Source: HedgeWeek
