Monday, 30 March 2015
Last updated 2 days ago
Apr 9 2010 | 9:21am ET
Hedge funds erased their early 2010 losses with a strong March, according to Hedge Fund Research.
The HFRI Fund Weighted Composite Index rose 2.7% last month, bring its year-to-date return to 2.56%. The gains were broad-based, with only one strategy—short bias—suffering a down month amidst the month’s stock market rally. And what a down month: Short bias hedge funds plummeted 6.6% in March and are down 7.1% on the year—the only hedge fund strategy tracked by the HFRI indices in the red through the first quarter.
The month’s returns were led by quantitative directional hedge funds, which rose 3.78% in March (3.05% year-to-date). Equity hedge funds generally did well, rising 3.53% (3.1% YTD), with the exceptions of short bias funds and equity market neutral funds, which returned only 0.69% (0.96% YTD). Technology and healthcare funds added 3.33% (2.66% YTD) and energy and basic materials funds rose 3.07% (1.78% YTD).
Event-driven funds returned an average of 2.96% (4.36% YTD), with distressed and restructuring funds jumping 3.04% (5.17% YTD, the best return for the first quarter). Macro funds returned 2.2% (0.44% YTD) and relative value funds added an average of 1.1% (3.24% YTD).
Emerging markets funds also posted extremely strong returns last month, adding 5.24% on average (3.88% YTD). Russia and Eastern Europe funds skyrocketed 10.23% (10.39% YTD), Asia ex-Japan funds added 4.37% (1.72% YTD) and global funds returned 3.63% (3.48% YTD).
Funds of hedge funds returned an average of 1.69% on the month (1.45% YTD).
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…