Saturday, 30 August 2014
Last updated 17 hours 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).
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 ...