Sunday, 28 December 2014
Last updated 2 hours ago
Oct 5 2010 | 2:38pm ET
Hedge funds badly lagged the stock market rally last month, despite producing their best returns of the year.
The average hedge fund added 3.58% in September, according to the Credit Suisse Liquid Alternative Beta Index. But that's cold-comfort for the industry, given the 8.9% jump of the Standard & Poor's 500 Index, it's best September performance since 1939.
The overall LAB index is up 5.45%, besting the S&P500's 3.9%.
Long/short funds were up an average of 5.41% on the month (5.3% year-to-date), according to the LAB indices. Event-driven was not far behind at 4.65% (8.89% YTD).
Merger arbitrage funds added an average of 1.96% (7.64% YTD) and global macro funds 0.45% (2.26% 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.