Hedge Fund Returns Show Positive Outlook for 2012

August 20, 2012 Debbie Jacobs Economic Barometer

Despite global economic turmoil and the euro zone debt crisis, hedge funds have managed to increase their revenue every month this year. Last month, they advanced significantly thanks to trades in oil, the euro and Facebook shares.

According to Reuters.com, “The SS&C GlobeOp Hedge Fund Performance Index, which tracks the performance of the majority of hedge fund services providers GloveOp’s $187 billion in assets administered, rose 1.42% in July, taking returns so far this year to 5.74 percent, the firm said in a statement.”

The returns listed above are gross; they do not calculate hedge fund operators’ lucrative fees.

SS&C Technologies’ Bill Stone explained that funds have benefitted from both long and short positions.

“In stocks, the biggest things that have helped long funds have been in the technology sector- Apple and Google continue to be strong and on the short side an awful lot of people made money on Facebook.”

The average hedge fund increased 1.05% in July, according to Hedge Fund Research. Excluding August, hedge funds have gained 2.88% since the beginning of 2012.

Bill Stone, Hedge Fund Index, Hedge Fund Returns, Hedge Funds, Hedge Funds 2012,

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