Friday, 31 July 2015
Last updated 6 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%).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…