Sunday, 21 December 2014
Last updated 1 day ago
Aug 9 2010 | 11:23am ET
Hedge fund gained ground in July, but badly lagged the broader markets, according to a pair of prominent hedge fund indices.
The Hennessee Global Hedge Fund Index rose 1.87% last month, while Hedge Fund Research’s HFRI Fund Weighted Composite Index added 1.82% on the month. The latter is now back in positive territory on the year, at 1.52%.
Equity hedge funds returned 2.88% on the month (0.88% year-to-date), according to HFR, paced by energy and basic materials funds, which rose 3.79% (down 2.92% YTD) and technology and healthcare funds, which rose 2.38% (1.51% YTD). On the other hand, short-bias funds plummeted 6.3% on the month (down 8.54% YTD) as the Standard & Poor’s 500 Index soared more than 7%.
Event-driven hedge funds rose 2.19% on the month (4.7% YTD), relative value funds rose 1.5% (5.33% YTD) and macro funds 0.28% (down 0.74% YTD).
Emerging markets funds were up across the board, rising 3.77% on the month (2.36% YTD). Latin America funds soared 4.63% in July (1.16% YTD), followed by Russia and Eastern Europe funds (4.11% in July, 5.31% YTD) and Asia ex-Japan funds (3.61%, 0.57% YTD).
Funds of hedge funds were up 0.74% last month, but remain down 0.47% on the year.
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.