Friday, 19 December 2014
Last updated 5 min ago
Mar 5 2007 | 10:18am ET
In spite of a difficult month for the equity markets, including last week’s major hiccup, long-bias hedge funds helped push the MSCI Hedge Invest Index up 0.53% in February.
The investable index beat out the Standard & Poor’s 500 Index, which fell 1.96% in February, for the third straight month, boosting it’s year-to-date return to 2.08%, also besting the S&P 500’s 0.81% decline for 2006 so far. It also topped the MSCI World Equities Index, which rose 0.57% in February.
Event-driven funds were the top-performing strategy in February, returning 3.21% on the month (5.29% year-to-date). Discretionary trading (1.21%, 2.13% YTD), convertible arbitrage (1.03%, 2.04% YTD), variable-bias (0.96%, 2.39% YTD) and long-bias (0.82%, 2.46% YTD) also posted strong months. Only systematic trading funds were in the red, but they were deep in the red, falling 2.39% in February to wipe out January’s jump.
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.