Tuesday, 7 July 2015
Last updated 18 hours ago
Jan 7 2010 | 2:08am ET
Hedge funds enjoyed a bump—albeit not a big one—in December, according to the Dow Jones Hedge Fund Strategy Benchmarks.
Equity long/short hedge funds rose an estimated 1.88% last month. The strategy ended the year up just 4.88%. Event-driven funds, the best of the three Dow Jones indices still being published on the year at 15.54%, added 1.14% in December. Merger arbitrage funds returned 1.02%, and 8.31% on the year.
Dow Jones’ convertible arbitrage, distressed securities and equity-market neutral benchmarks remain suspended.
Meanwhile, equity long/short funds have continued their rally in the early going on the New Year. The strategy is up an estimated 1.22% through Jan. 5. Event-driven funds are up 0.35% after the first two trading days of the year, while merger arbitrage funds dropped 0.17%.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…