POWERED BY MOMENTUM MEDIA
Hedge fund performance surprises
Hedge funds performed better than expected last year, 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.
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
Taking a purely passive investment approach is leaving many investors at risk of heightened valuation risks, Allan Gray and Orbis Investments have cautioned.
Annual trimmed mean inflation saw a slight spike in April, according to data from the ABS.
Active managers say that today’s market volatility and dislocation are creating a fertile ground for selective stock picking, reinforcing their case against so-called “closet indexers”.
Platform leaders admit they’re operating under constant pressure and a persistent “state of paranoia” to keep pace with technology that is reshaping how clients access and interact with their wealth.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
