Tuesday, 29 July 2014
Last updated 14 hours ago
Jul 7 2010 | 12:29pm ET
Hedge funds shed 0.94% last month, extending their year-to-date loss to 1.2%, according to new figures from Hedge Fund Research.
Just four of the 18 HFRX strategy indices ended the first half with a positive month. Distressed securities and fundamental growth funds, in particular, wilted in the summer heat, shedding 3.73% (up 0.38% year-to-date) and 2.85% (down 9.73% YTD, the worst of any strategy index), respectively.
Equity hedge funds were no great shakes, either, declining 1.38% (down 3.42% YTD) in June. Macro funds lost 1.32% (down 2.32% YTD), market directional funds lost 1.14% (down 0.01% YTD) and the HFRX Equal Weighted Strategies Index dipped 0.99% (down 0.09% YTD).
The strongest performer on the month was systematic diversified, which rose 0.64% to hit 4.53% on the year. The other strategies in the black in June were relative value arbitrage (0.29% on the month, 1.29% YTD), convertible arbitrage (0.11%, 1.92% YTD) and relative value arbitrage multi-strategy (0.1%, 3.23% 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…