Wednesday, 23 July 2014
Last updated 12 hours ago
Sep 27 2010 | 2:30pm ET
With September drawing to a close, Morningstar joined the chorus of hedge fund index publishers pronouncing August something of a bust.
The Morningstar 1000 Hedge Fund Index added an anemic 0.1% last month, according to a preliminary report. But it could have been worse: the broader markets took a steep dive in August.
“Riskier assets such as equities have moved in concert either up or down over the last several months, a trying environment for many hedge fund strategies,” Morningstar’s Nadia Papagiannis said. “But hedge funds effectively preserved capital in August.”
Not all hedge funds, mind you: Stock hedge funds dropped 2.4% on the month—itself something a victory, given the drop in stocks last month, but a drop all the same.
On the other hand, global trend-following hedge funds jumped some 3.5% on the month. Debt funds added 1.3%, while both convertible and merger arbitrage funds rose 1% in August.
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…