Tuesday, 29 July 2014
Last updated 3 hours 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.
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…