Friday, 26 December 2014
Last updated 2 days ago
Aug 5 2010 | 1:42pm ET
Hedge funds swung back into the black in July after two straight losing months, but few, if any, funds managed to rise as fast as the broader markets.
The average hedge fund returned 1.23% last month, according to Hedge Fund Research’s HFRX indices. But the Standard & Poor’s 500 Index soared more than 7% in July to cut its year-to-date loss to 0.11%. The HFRX Global Hedge Fund Index is down 0.02% on the year.
Still, all but two of HFRX’s 18 strategy and regional subindices were in positive ground last month—systematic diversified took a big hit, dropped 4.05% (up 0.3% year-to-date), while macro shed 0.63% (down 2.93% YTD). Fundamental growth funds led the way at 4.29% (down 5.48% YTD), followed by market directional at 3.04% (3.02% YTD) and equity hedge at 2.28% (down 1.22% YTD).
Relative value arbitrage funds added 1.76% on the month (2.85% YTD), distressed funds 1.63% (2.01% YTD), convertible arbitrage 1.58% (3.53% YTD), merger arbitrage 1.04% (1.17% YTD), event-driven 0.9% (0.16% YTD), special situations 0.54% (0.57% YTD) and equity market-neutral 0.12% (2.05% 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.