Sunday, 31 August 2014
Last updated 1 day ago
Jul 12 2010 | 2:10pm ET
Hedge funds took a 0.88% hit in June, putting an end to a dismal second quarter, according to Dow Jones Indexes and the Credit Suisse Index Co.
Early estimates show the newly-renamed Dow Jones Credit Suisse Hedge Fund Index—the artist formerly known as the Credit Suisse/Tremont index—ended the first half up 0.59%, not much to crow about, but substantially ahead of the broader markets. In a related note, by far the best performers in the choppy month were dedicated short-bias funds, which soared an average of 4.84% in June (down 3.33% year-to-date).
A handful of other strategies also enjoyed an up month, including fixed-income arbitrage (0.91% in June, 5.49% YTD), global macro (0.53%, 4.15% YTD) and emerging markets (0.49%, down 0.28% YTD). The Dow Jones/Credit Suisse convertible arbitrage index ended the month perfectly flat, to finish the half up 2.64%.
Most strategies weren’t so lucky. Event-driven multi-strategy funds tumbled 2.34% (up 0.6% YTD), long/short equity funds dropped 2.3% (down 3.45% YTD), event-driven funds shed 1.97% (up 1.43% YTD), distressed funds lost 1.49% (up 2.57% YTD) and equity market neutral funds dipped 1.06% (down 4.6% YTD).
The early estimates are based on 77% of the hedge fund assets included in the index reporting.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...