Monday, 29 December 2014
Last updated 33 min ago
Apr 27 2010 | 1:29pm ET
Investable hedge funds reversed their early-year slump in March, posting strong enough returns to pull the average fund back into the black, according to Greenwich Alternative Investments.
The Greenwich Investable Index rose 1.52% for funds with monthly liquidity and 1.46% for funds with quarterly liquidity, the firm said. The former is up 1.45% on the year and the latter 1.51%.
Despite March’s broad-based returns—all strategy indices were up for the month, and all are up year-to-date—the Greenwich investable indices badly lagged most hedge fund indices, which returned about 3% last month, as well as the broader markets. The Standard & Poor’s 500 Index soared nearly 6% in March.
“The majority of hedge funds moved higher in March, albeit at a measured pace,” Clint Binkley, senior vice president at Greenwich AI, said. “Net exposures of long/short equity fund reflect a cautious optimism regarding near-term market sentiment.”
Among strategies, futures funds did the best, rising an average of 3.03% in March (1.95% year-to-date). Event-driven funds followed at 2.44% (5.61%). Long/short equity and credit funds also did well, with returns of 1.63% (1.44% YTD) and 1.61% (3.3% YTD), respectively.
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.