Friday, 25 July 2014
Last updated 2 hours ago
Aug 10 2010 | 11:57am ET
Hedge funds rebounded from their first losing streak of the year in July, gaining an estimated 1.67%.
The early figures from the Dow Jones Credit Suisse Hedge Fund Index show the average hedge fund is up 2.32% on the year. All but two strategies were in the black last month, and gains in July helped pull two strategies out of the red for the year. But no strategy came close to matching the broader markets, with the Standard & Poor’s 500 Index soaring more than 7% last month.
Emerging markets funds did best in July, rising 2.92% (2.1% year-to-date). Long/short equity funds were right behind, adding 2.82% (down 0.49% YTD), followed by equity market-neutral funds (2.41% in July, down 2.24% YTD) and risk arbitrage funds (2.11%, 1.96% YTD).
Multi-strategy funds added 2.06% on the month (2.55% YTD) and convertible arbitrage funds 2.-3% (4.74% YTD).
Dedicated short-bias and managed futures funds were the only losers in July, with the former falling 2.62% (down 5.31% YTD) and the latter 1.49% (down 1.24% YTD), respectively.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…