Friday, 22 August 2014
Last updated 13 hours ago
Apr 4 2007 | 11:40am ET
The bad news is that the MSCI Hedge Invest index suffered its first down month in nine in March, falling by 0.15%. The good news is, that’s the smallest movement one way or the other since May 2005, and leaves the index up 1.93% year-to-date, still far ahead of the Standard & Poor’s 500, which rebounded into positive territory (up 0.64% YTD) this month with a 1.12% return.
Four of MSCI’s strategy indices joined the overall index in the red last month. Systematic trading suffered another damaging month, falling 1.45% in March after shedding 2.39%—and wiping out its entire January gain—in February. It is the only strategy in negative territory for the year.
On the other side, equity non-directional funds enjoyed the strongest month of the eight subindices, rising 0.82% on the month (2.48% YTD). Variable bias (up 0.27% in March, 2.66% YTD), fixed-income (0.23%, 2.20% YTD) and long-bias (0.15%, 2.61%) funds also enjoyed a positive month.
Event-driven was essentially flat (down just 3 basis points) in March, but it is still the top-performing strategy in 2007, with a year-to-date return of 5.26%.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note