Wednesday, 24 December 2014
Last updated 9 hours ago
Mar 16 2007 | 12:25pm ET
Distressed securities and emerging markets hedge funds were good places to be last month, but nothing beat an investment in merger arbitrage, which outstripped all other strategies by a wide margin in February, according to Hedge Fund Research.
The firm’s HFRI indices, which track a total of 6,500 products, show merger arb up 2.92% last month and 5.24% year-to-date. Distressed securities (1.61% in February, 3.17% YTD) and emerging markets (1.45%, 2.91% YTD) were a distant second and third.
The overall HFRI Fund Weighted Composite Index rose 0.66% during the difficult month, bringing it to 1.81% on the year. No strategy was in the red; the worst performer was the relative flat HFRI Macro Index (0.05%, 0.59% YTD).
Fund of funds returns were somewhat more muted, the HFRI Fund of Funds Composite Index returning 0.80% on the month (2.08% YTD). Predictably, given the market plunge at the end of February, market defensive funds of funds did the best, returning 1.08% (2.03% 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.