Most hedge funds above high-water marks

By Rob Copeland

Wed May 1, 2013


Nearly 60% of funds are on track to charge performance fees this year.


 
Funds above their 
high-water marks
 
  Key: + Above HWM / - Below HWM
(+/- do not denote performance)
Source: HedgeFund Intelligence database.
   
 
Strategy % Above HWM
Commodities 11%
Convertible & Equity Arbitrage 88%
Credit 100%
Distressed 78%
Event Driven 66%
Fixed Income 78%
Global Emerging Market Debt 63%
Global Emerging Market Equity 33%
Global Equities 68%
Latin American Debt 71%
Latin American Equity 65%
Macro 41%
Managed Futures 20%
Mixed Arbitrage 77%
Mortgage Backed Securities 96%
Multistrategy 78%
Real Estate 50%
Self Invested 57%
Technology 53%
U.S. Equity 65%
Volatility 25%

Nearly 60% of Americas-based hedge funds ended the first quarter above their high-water marks, putting them in position to earn performance fees on top of the mandatory management charges, according to an analysis of managers reporting to the HedgeFund Intelligence database.

That's about the same percentage that ended 2012 above the...

ISSN: 2151-1845 / CDC10004H

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