Thursday, 27 November 2014
Last updated 1 day ago
Mar 12 2007 | 10:12am ET
Merger arbitrage funds tore the doors off in March, as hedge funds enjoyed another month topping the broader markets, according to the Dow Jones Hedge Fund Strategy Benchmarks. merger arbitrage benchmark was up 3.71% on the month, pushing its year-to-date return to 6.24%, easily making it the top-performing strategy on the month and year so far. Distressed securities rose 0.95% (2.8% YTD), convertible arbitrage 0.72% (1.45% YTD), event-driven 0.43% (2.34% YTD) and equity long/short 0.14% (2.35%).
Even the only index in negative territory, equity market neutral, which fell 0.04% in February but remains up 0.49% on the year, topped the broader market indices. The Standard & Poor’s 500 plummeted almost 2% last month and is down 0.47% year-to-date, and the Dow Jones Wilshire 5000 fell 1.58% in February, though it is up 0.29% on the year.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...