Friday, 26 December 2014
Last updated 1 day ago
Apr 12 2010 | 1:31pm ET
Hedge funds feasted on March’s market rally, soaring more than 2% on the month, according to early estimates from the Credit Suisse Index Co.
The Credit Suisse/Tremont Hedge Fund Index returned approximately 2.09% last month, based on 70% of the index’s constituents reporting. All but one of Credit Suisse’s 13 strategies and sub-strategies were in the black in March, leaving the overall index up 2.96% on the year.
Managed futures funds enjoyed the strongest performance in March, rising 4.84% (2.67% year-to-date). Emerging markets funds added 3.62% (2.37% YTD) and distressed funds rose 3.52% (5.92% YTD). Only short bias funds fell—as the Standard & Poor’s 500 Index rose 5.88%—losing 6.21% on the month (down 8.97% YTD).
Event-driven funds returned 3.36% (5.29% YTD), multi-strategy event-driven funds 3.3% (4.82% YTD) and long/short equity funds 3.04% (2.83% YTD). Convertible arbitrage funds rose 2.2% (3.68% YTD), fixed-income arbitrage funds 1.34% (3.46% YTD), multi-strategy funds 1.03% (2.16% YTD), equity market-neutral funds 0.57% (down 0.69% YTD) and risk arbitrage funds 0.47% (1.17% YTD).
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.