Sunday, 21 December 2014
Last updated 1 day ago
Apr 8 2010 | 4:13am ET
Hedge funds enjoyed broadly positive returns last month, with most strategies ending the first quarter in the black, according to Credit Suisse’s Liquid Alternative Beta indices.
The overall index rose 1.02% in March and is up 1.83% year-to-date. All but one of the three LAB subindices also rose last month, with the sole loser being global macro, which shed 2.97% on the month, leaving it down 0.71% on the year.
The first-quarter returns suggest that “hedge funds will continue their streak of positive performance through the first quarter,” Jordan Drachman, head of research for alternative beta strategies, said.
Long/short hedge funds earned 3.57% in March, according to the LAB indices, and 3.1% in the first quarter. Event-driven funds rose 2.15% (3.59% year-to-date) and merger arbitrage funds gained 0.94% (2.29% YTD).
Credit Suisse expanded its range of LAB indices just last month. March is the first month the firm has published the results for the overall index and the event-driven and merger arbitrage subindices.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.