Saturday, 26 July 2014
Last updated 20 hours ago
Mar 9 2010 | 3:46am ET
Hedge funds posted mixed, if broadly positive, returns in February, according to the Credit Suisse/Tremont Hedge Fund Index.
That index rose an estimated 0.87% last month. Combined with its 0.17% return in January, the index is up 1.04% in 2010.
Managed futures was the strongest strategy in February, rising 2.01% (down 1.88% year-to-date). Long/short equity wasn’t far behind at 1.58% (0.06% YTD), followed by global macro at 1.25% (2.33% YTD).
Convertible arbitrage funds returned 0.63% last month (1.61% YTD). Multi-strategy funds rose 0.6% (1.16% YTD). Event-driven funds added 0.48% (1.91% YTD).
On the red side of the ledger, short-bias funds took a beating as stocks soared, falling 4.18% on the month (down 3.92% YTD). Equity market-neutral funds shed 1% (down 0.9% YTD) and emerging markets funds lost 0.54% (down 1.3% YTD). Fixed-income arbitrage funds and risk arbitrage funds were essentially flat, if down slightly. The former dropped 0.07% (up 1.95% YTD) and the latter 0.03% (up 0.37% YTD).
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…