Tuesday, 22 July 2014
Last updated 7 hours ago
Feb 8 2007 | 11:48am ET
Hedge funds started 2007 the same way they ended 2006: trailing the Standard & Poor’s 500.
For the first time, HedgeFund.net’s HFN Hedge Fund Aggregate Average returned less than the S&P500 in January, 1.45% to 1.51%. HFN attributes the slow start to managers taking a more cautionary stance.
Among individual strategies, healthcare, event-driven and small- and micro-cap funds had the happiest New Year, with returns of 3.92%, 2.27% and 2.22%, respectively. Strong performances were also turned in by multi-strategy, distressed and convertible-arbitrage funds, at 1.86%, 1.71% and 1.56% on the month. Convertible arb’s January was the 15th straight positive month for the strategy.
Meanwhile, last years’ champions, emerging markets and energy, got off to a slow start, with the former returning 0.95% and the latter just 0.02% in January. CTAs and managed futures funds rose 1.14% on the month.
The equal-weighted HFN averages include the 7,000 hedge funds, funds of funds and CTAs in the HFN database.
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…