Sunday, 23 November 2014
Last updated 1 day 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%.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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