Mixed results for emerging markets
10 September 2014 London
Image: Shutterstock
There was a mixed bag of results for emerging market funds in August 2014, according to eVestment’s Hedge Fund Performance Report.
According to Peter Laurelli, author of the report, while Brazilian and Indian funds reported gains, at 4.85 percent and 2.34 percent respectively, Russian and Eastern European funds fell by 1.01 percent and 2.72 percent.
The trend for hedge fund performance was positive August, but reduced market exposure following July’s volatility resulted in the industry not fully benefitting from August’s equity rally, with the average gross market exposure across the industry at its lowest in the previous two years.
Both the macro and managed futures strategies enjoyed its first positive month since April 2013. Activist strategies’ also gained event driven fund returns with the activist hedge fund as the industry’s best performing major strategy in 2014.
Laurelli’s report also found an optimistic outlook on commodity prices in physical commodity markets, which were positive despite a volatile July and are only behind funds operating in equity and broad corporate capital structure markets.
According to Peter Laurelli, author of the report, while Brazilian and Indian funds reported gains, at 4.85 percent and 2.34 percent respectively, Russian and Eastern European funds fell by 1.01 percent and 2.72 percent.
The trend for hedge fund performance was positive August, but reduced market exposure following July’s volatility resulted in the industry not fully benefitting from August’s equity rally, with the average gross market exposure across the industry at its lowest in the previous two years.
Both the macro and managed futures strategies enjoyed its first positive month since April 2013. Activist strategies’ also gained event driven fund returns with the activist hedge fund as the industry’s best performing major strategy in 2014.
Laurelli’s report also found an optimistic outlook on commodity prices in physical commodity markets, which were positive despite a volatile July and are only behind funds operating in equity and broad corporate capital structure markets.
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