Tuesday, 22 July 2014
Last updated 1 hour 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…