{"id":26817,"date":"2013-01-21T00:35:40","date_gmt":"2013-01-20T23:35:40","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/hedge-funds-end-year-positively-but-fail-to-keep-pace-with-the-stock-market-in-2012\/"},"modified":"2019-12-30T22:30:54","modified_gmt":"2019-12-30T21:30:54","slug":"hedge-funds-end-year-positively-but-fail-to-keep-pace-with-the-stock-market-in-2012","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/hedge-funds-end-year-positively-but-fail-to-keep-pace-with-the-stock-market-in-2012\/","title":{"rendered":"Hedge funds end year positively but fail to keep pace with the stock market in 2012"},"content":{"rendered":"<p><img loading=\"lazy\" class=\" aligncenter size-full wp-image-26815\" src=\"http:\/\/beta.next-finance.net\/wp-content\/uploads\/2013\/01\/Edhec_Risk.jpg\" alt=\"Edhec_Risk.jpg\" align=\"center\" width=\"634\" height=\"333\" srcset=\"http:\/\/beta.next-finance.net\/wp-content\/uploads\/2013\/01\/Edhec_Risk.jpg 634w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2013\/01\/Edhec_Risk-300x158.jpg 300w\" sizes=\"(max-width: 634px) 100vw, 634px\" \/><\/p>\n<p>&#8220;In December, stocks confirmed the rebound of the previous month with a significant progression of the S&#038;P 500 index (+0.91%). Implicit volatility (18%) was slightly on the rise but still in the low range. For the full year, the S&#038;P 500 generated a comfortable 16% return, considerably above its average performance since the inception of the EDHEC-Risk Alternative indices (January 1997).<\/p>\n<p>On the fixed-income market, a mixed situation prevailed: convertible bonds (+2.04%) remained on the rise whereas regular bonds (-0.40%) registered their worst score in four consecutive months of losses. After last month\u2019s setback, the credit spread (+0.44%) grew again. Commodities (-0.53%) dropped slightly, wiping out its remaining profits of 2012. The dollar (+0.19%) recorded a third consecutive month of progress.&#8221;\t\t\t\t\t<\/p>\n<p>&#8220;In this context, all hedge fund strategies (except Short Selling) surprisingly managed significant gains. Despite the profits of the stocks market, the Convertible <\/p>\n<p>Arbitrage strategy (+1.05%) managed profitability, backed by the rises in risky bonds and the credit spread. Despite the falls in both commodities and regular bonds, the CTA Global strategy (+0.63%) achieved a positive performance.<\/p>\n<p>Benefiting from the good performance of stocks, both the Long\/Short (+1.60%) and Event Driven (+1.90%) strategies yielded comfortable profits. With a more limited exposure to stocks, the Equity Market Neutral strategy (+0.39%) naturally scored moderately.<\/p>\n<p>Globally, in December, the Funds of Funds strategy (+1.09%) slightly outperformed the S&#038;P 500 index. However, over the year, none of the hedge fund strategies could keep up with the stock market.\t\t\t\t\t<div id='gallery-1' class='gallery galleryid-26817 gallery-columns-3 gallery-size-herald-lay-c1'><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a class=\"herald-popup\" href='http:\/\/beta.next-finance.net\/wp-content\/uploads\/2013\/01\/Edhec_Risk.jpg'><img width=\"470\" height=\"313\" src=\"http:\/\/beta.next-finance.net\/wp-content\/uploads\/2013\/01\/Edhec_Risk-470x313.jpg\" class=\"attachment-herald-lay-c1 size-herald-lay-c1\" alt=\"\" loading=\"lazy\" srcset=\"http:\/\/beta.next-finance.net\/wp-content\/uploads\/2013\/01\/Edhec_Risk-470x313.jpg 470w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2013\/01\/Edhec_Risk-300x200.jpg 300w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2013\/01\/Edhec_Risk-414x276.jpg 414w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2013\/01\/Edhec_Risk-130x86.jpg 130w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2013\/01\/Edhec_Risk-187x124.jpg 187w\" sizes=\"(max-width: 470px) 100vw, 470px\" \/><\/a>\n\t\t\t<\/div><\/figure>\n\t\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Globally, in December, the Funds of Funds strategy (+1.09%) slightly outperformed the S&#038;P 500 index. However, over the year, none of the hedge fund strategies could keep up with the stock market.\t<\/p>\n","protected":false},"author":20,"featured_media":26815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1687,1743,1655,1723,1690,1651,1437],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/26817"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=26817"}],"version-history":[{"count":1,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/26817\/revisions"}],"predecessor-version":[{"id":26818,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/26817\/revisions\/26818"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/26815"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=26817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=26817"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=26817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}