Wednesday, 17 December 2014
Last updated 8 hours ago
Feb 5 2010 | 3:53pm ET
Hedge funds’ hot streak came to an end amidst the January chill, according to Hedge Fund Research.
The HFRI Fund Weighted Composite Index dropped 0.71% last month. The index had soared 20.03% last year.
Most of the losses were suffered by equity hedge funds and macro funds, which dropped 0.85% and 2.16% on the month, respectively. Even last year’s darlings, emerging markets funds, suffered a tough month, dropping 1.24%.
By contrast, relative value funds posted an average return of 1.5% and event-driven funds an average return of 0.85%.
Some substrategies were able to battle through the cold with some impressive January gains. Mulit-strategy relative value funds jumped 2.36%, and corporate fixed-income relative value funds 2.23%. Distressed and restructuring funds added 2.01% on the month, and short-bias funds sought to put their awful 2009 behind them with a 1.68% rise.
Among emerging markets funds, only global funds were winners in January, rising 0.71%. All other regional HFRI indices lost ground, none more so than Latin America funds, which shed 3.67%.
Funds of hedge funds declined 0.7%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.