20 April 2017
Reporter: Drew Nicol

Hedge fund revenue hits 2013 highs

Hedge funds’ positive performance run continued into its third month in 2017, Preqin has found.

Market intelligence provider Preqin’s AllStrategies Hedge Fund benchmark recorded returns of 0.68 percent last month, building on gains of 1.46 percent and 1 percent in January and February, respectively.

The results mark the hedge fund industry’s best opening quarter of a year since 2013, with overall Q1 2017 performance now at 3.18 percent in the black.

Preqin highlighted that, with just one month of losses recorded since February 2016, the industry has now returned 11.61 percent over a 12-month period.

Amy Bensted, head of hedge fund products at Preqin, indicated that these figures could go some way to dispelling performance concerns within the hedge fund industry, as well as anxieties surrounding wider economic uncertainty that have troubled investors in the asset class over the past year.

Bensted said: “Hedge fund managers have delivered strong returns over this period, posting gains in 11 of the past 12 months and recording their strongest opening quarter to a year since 2013. Hedge funds across all leading strategies, geographies and size classifications have shared in this positive start to 2017. This strong performance across the board is crucial at a time when investor scrutiny is intense.”

“The key to attracting investor capital back into the industry over the remaining three quarters in the year is likely to be maintaining these returns and dealing with concerns over fees, but hedge fund managers will now be able to point to the strength of recent performance as an incentive for investors.”

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