Thursday, 23 October 2014
Last updated 13 hours ago
Apr 5 2007 | 2:25pm ET
All six hedge fund strategies tracked by the Dow Jones Hedge Fund Strategy Benchmarks posted positive returns in March, but most trailed the broader markets, which rebounded from late February’s correction.
Equity long/short was the best-performing strategy, Dow Jones Indexes said, with a 1.76% return (4.12% year-to-date), followed by distressed securities at 1.23% (4.29% YTD).
The quarter’s best-performer, merger arbitrage (6.43% YTD), was the month’s worst, adding only 0.2%. By contrast, the Standard & Poor’s 500 rose 1.12% last month (0.64% YTD) and the Dow Jones Wilshire 5000 1.11% (1.4% YTD).
March’s other market laggards were equity market-neutral (0.8%, 1.26% YTD), event-driven (0.73%, 3.25% YTD) and convertible arbitrage (0.21%, 1.76% YTD).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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