Wednesday, 25 November 2015
Last updated 4 hours ago
Feb 7 2007 | 11:45am ET
Hedge funds are off to a good start in 2007, according to Hedge Fund Research.
The firm’s HFRX indices show that the first month of the year was a strong one for several strategies, led by equity market-neutral, which returned 2.45%—more than half its total return for all of last year—and merger arbitrage, which rose 2.13%. Event-driven was also up by more than 2%, at 2.11%.
The overall HFRX Global Hedge Fund Index rose 1.5% on the month, roughly in line with the total return of the Standard & Poor’s 500 Index. The equal-weighted version of the index did slightly better, with a 1.58% return.
By contrast, macro and convertible-arbitrage funds had a rough go, returning 0.55% and 0.85%, respectively.
Other strategies tracked by HFR are relative-value arbitrage (+1.65%), equity hedge (+1.47%), distressed securities (+1.42%), market-directional (+1.38%) and absolute return (+1.27%).
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…