Fitch: Performance of Long & Short Funds in 2014

SAO PAULO & RIO DE JANEIRO--()--Fitch Ratings has published a Special Report on the performance of long & short funds' in 2014. The report highlights the strong difference between the average performance of equity hedge strategies, which are exposed to the directional movements of the stock market, and neutral strategies, which pursue fully hedged positions. While neutral strategies had an average return of 11.15% for the year, which was above the benchmark CDI of 10.81%, directional strategies had average performance of 7.36%.

The report discusses how the economic scenarios projected for 2015 remain highly challenging, with negative growth rate and high inflation. Nevertheless, the year is expected to present opportunities for interesting investment. This scenario highlights the need for ongoing monitoring of fund positions and the need to verify, in the case of asset managers with good performance, that they will be able to preserve their capacity to generate performance and, on the other hand, as asset managers with low performance will be able to revert the losses suffered and improve their results.

The publication is available at 'www.fitchratings.com' and 'www.fitchratings.com.br'

Additional information available at 'www.fitchratings.com' or 'www.fitchratings.com.br'

Applicable Criteria and Related Research: Performance of Long and Short Funds in 2014

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=863872

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Contacts

Fitch Ratings, Rio de Janeiro
Media Relations
Jaqueline Carvalho, +55 21 4503 2623
jaqueline.carvalho@fitchratings.com
or
Fitch Ratings, New York
Media Relations
Elizabeth Fogerty, +1-212-908-0526
elizabeth.fogerty@fitchratings.com
or
Director
Pedro Gomes, +55-11 4504-2604
or
Fitch Ratings Brasil Ltda.
Alameda Santos, 700 - 7 floor
Cerqueira Cesar - Sao Paulo - SP - CEP: 01418-100
or
Director
Alexandre Yamashiro, CAIA, +55-11 4504-2606
or
Senior director
Davie R. Rodriguez, CFA, +1-212-908-0386

Contacts

Fitch Ratings, Rio de Janeiro
Media Relations
Jaqueline Carvalho, +55 21 4503 2623
jaqueline.carvalho@fitchratings.com
or
Fitch Ratings, New York
Media Relations
Elizabeth Fogerty, +1-212-908-0526
elizabeth.fogerty@fitchratings.com
or
Director
Pedro Gomes, +55-11 4504-2604
or
Fitch Ratings Brasil Ltda.
Alameda Santos, 700 - 7 floor
Cerqueira Cesar - Sao Paulo - SP - CEP: 01418-100
or
Director
Alexandre Yamashiro, CAIA, +55-11 4504-2606
or
Senior director
Davie R. Rodriguez, CFA, +1-212-908-0386