Wednesday, 23 July 2014
Last updated 16 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%).
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…