Thursday, 30 October 2014
Last updated 37 min 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%).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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