Wednesday, 30 July 2014
Last updated 13 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%.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…