Friday, 25 July 2014
Last updated 27 min ago
Jun 15 2010 | 1:18am ET
May is over, and the hedge fund industry couldn’t be happier.
HedgeFund.net’s HFN Hedge Fund Aggregate Index dropped 2.74% last month to cut its year-to-date return to 1.03%. The HFN results are just the latest from a hedge fund index that show the industry lost between 2% and 3% in May, their worst month in the past 18.
Of course, hedge funds weren’t alone in suffering through a turbulent May; in fact, they did pretty well, all things considered. The Standard & Poor’s 500 Index plummeted more than 8% on the month.
In that sort of environment, short-bias funds were able to trim their 2010 losses, jumping 4.86% in May to leave them down 4.17% on the year. No others were so lucky.
Emerging markets hedge funds dropped 5.57% on the month, and are up 1.02% on the year. Long/short funds shed 3.91% in May (up 0.03% year-to-date), distressed funds shed 2.08% (up 6.08% YTD) and macro funds shed 0.41% (up 1.56% YTD).
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…