Thursday, 24 July 2014
Last updated 2 hours ago
Apr 9 2010 | 1:24am ET
Hedge funds enjoyed their best month in six in March, soaring more than 3%.
The average hedge fund rose 3.05%, according to the Hennessee Group. The Hennessee Hedge Fund Index is up 3.35% since January. Both figures trailed the Standard & Poor’s 500 Index, which jumped 5.88% last month and is up 4.87% on the year.
Emerging markets funds did best, rising 5.47% on the month. Financials hedge funds added 5.36%, distressed funds 5.32% and Asia-Pacific funds 5.28%.
Unsurprisingly, short-biased hedge funds suffered on the month, losing 5.24% in March (down 5.6% year-to-date).
“Investors remain willing to assume greater levels of risk, and equity markets rallied sharply in March,” Hennessee’s Charles Gradante said.
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…