Thursday, 18 December 2014
Last updated 41 min 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.