Saturday, 27 December 2014
Last updated 3 days ago
Jul 20 2010 | 12:10pm ET
School’s out for summer, but the French business school Edhec says it went out with a whimper, at least for hedge funds.
All but five of Edhec’s 12 hedge fund strategy indices took a dive last month. Long/short equity funds, in particular, wilted in the summer heat, dropping 1.69% (down 1.8% year-to-date), followed closely by event-driven funds, which dropped 1.29% (up 2% YTD).
Distressed securities funds shed 1.01% (down 4.5% YTD), equity market-neutral funds 0.47% (up 0.7% YTD), emerging markets funds 0.4% (down 0.8% YTD), global macro funds 0.27% (up 0.5% YTD) and relative value funds 0.26% (up 2% YTD). Funds of hedge funds dropped 0.82% and are down 1.3% through the first half.
The leaner bright side featured short-selling funds, which soared 4.05% last month (down 0.5% YTD), fixed-income arbitrage funds, which gained 0.9% (4.4% YTD), merger arbitrage funds, which added 0.37% (1.7% YTD), convertible arbitrage funds, which rose 0.29% (3% YTD) and CTA global funds, which edged up 0.2% (down 0.5% YTD).
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.