Friday, 19 December 2014
Last updated 5 hours ago
May 6 2010 | 10:59am ET
As in March, hedge funds in April posted broadly positive returns. And as in March, hedge funds again trailed the broader markets, according to Hedge Fund Research.
The average hedge fund rose 0.8% last month, the HFRX Global Hedge Fund Index shows. That's well behind March’s 1.38% return and also lagged the Standard & Poor’s 500 Index, which rose 1.57% in April.
Year-to-date, the benchmark is up 2.45%, well behind the S&P500, which is up 7.05% on the year.
As in March, almost all strategies were in the black. Just two, in fact, posted losses: Equity market-neutral funds shed 0.38% (up 0.63% year-to-date) and macro funds dropped 0.7% (down 0.1% YTD).
Leading the way last month were distressed securities funds, which added an average of 2.25% in April (7.67% YTD—the only HFRX index currently ahead of the S&P500). Multi-strategy relative-value arbitrage funds also had a strong month, adding 1.79% (6.86% YTD).
Fundamental growth funds returned 1.4% in April (down 3.64% YTD), convertible arbitrage funds returned 1.35% (3.55% YTD), relative value arbitrage funds as a whole returned 1.34% (4.02% YTD) and multi-region funds returned 1.28% (3.62% YTD).
Equity hedge funds added an average of 1.04% on the month (1.37% YTD), event-driven funds rose 0.82% (3.12% YTD), special situations funds returned 0.65% (3% YTD), absolute return funds added 0.58% (down 0.73% YTD) and merger arbitrage funds jumped 0.44% (2.19% 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.