Credit Hedge Funds Download Data

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Investors Credit Hedge Funds Download Data

Credit Hedge Funds

Ross Ford takes a closer look at credit hedge funds, including breakdowns by strategy, headquarter and launches by year.

Fig. 1: Breakdown of Credit Hedge Funds by Strategy Fig. 2: Breakdown of Credit Hedge Funds by Headquarter

1% Long/Short Credit 5% 2% 5% 12% North America Distressed 19% 37%

Europe Fixed Income 21%

Mortgage-Backed Asia-Pacific Strategies 73%

Asset-Backed Rest of World 23% Lending Strategies

Specialist Credit

Source: Preqin Hedge Fund Analyst Source: Preqin Hedge Fund Analyst

Fig. 3: Number of Credit Hedge Fund Launches by Year Fig. 4: Breakdown of Credit Hedge Funds by Year of Inception and Regional Focus

140 100% 1% 4% 4% 5% 6% 125 10% 3% 90% 16% 9% 7% 120 15% 110 8% 105 80% 11% 19% 99 12% 7% 100 10% 24% Asia-Pacific 84 70% 80 60% Emerging Markets 29% 38% 44% 36% 60 50% 41% Europe 32% 43 44 40% 40 35 Proportion of Funds No. of Fund Launches 31 Global 26 21 30% 20 17 16 88 41% North America 20% 38% 36% 31% 30% 0 30% 10%

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0% Pre-2008 2008 2009 2010 2011 2012 Pre-1999 Source: Preqin Hedge Fund Analyst Source: Preqin Hedge Fund Analyst

Fig. 5: Credit Hedge Fund Terms vs All Other Hedge Fund Terms

Mean Terms Credit Hedge Fund All Other Hedge Funds Minimum Investment ($mn) 2.6 1.7 Management Fee (%) 1.57% 1.62% Performance Fee (%) 18.69% 19.26% Redemption Frequency (Months) 2.6 1.0 Redemption Notice Period (Days) 69 22 Initial Lock-Up Period (Months) 11.4 6.0 Source: Preqin Hedge Fund Investor Profi les

Subscriber Quicklink: Subscribers to Preqin Investor Network can click here to view a list of 1,724 credit hedge funds open to investment. Preqin Investor Network is a free service for institutional and accredited investors, providing information on asset allocation, fund selection and manager due diligence covering hedge funds, private equity, real estate and infrastructure.

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