Monday, 22 December 2014
Last updated 18 hours ago
Nov 10 2010 | 11:39am ET
Hedge funds enjoyed their second consecutive month of strong returns, and if they keep it up for the next two months, the industry could see its second straight year of double-digit returns.
Hedge Fund Research's HFRI Fund Weighted Composite Index rose 2.35% in October and is up 7.14% this year. Of course, overall returns like that are easy to post when just one of your 28 strategy and sub-strategy indices suffers a loss on the month, and when the Standard & Poor's 500 Index soars 3.69%.
Macro funds led the way in October, rising 2.7% (6.11% YTD). Emerging markets and equity hedge funds also did well, returning 2.51% (9.59% YTD) and 2.47% (6.16% YTD), respectively, on the month.
Event-driven funds added 1.7% in October (8.47% YTD) and relative value funds were up 1.65% (9.82% YTD).
Among sub-strategies, nothing came close to energy and basic materials funds, which soared 5.22% on the month (8.1% YTD). Other sub-strategies posting strong gains in October were quantitative direction funds and systematic diversified funds, which each added 3.62% on the month. The latter is up 8.03% on the year, and the former 7.11%.
Among emerging markets, Asia ex-Japan was the clear winner, returning 3.12% (9.6% YTD). Global emerging markets funds and those focused on Russia and Eastern Europe remain in a tight race for best EM strategy of the year, which the former up 10.63% after a 2.66% jump last month, and the latter up 10.65% after returning 2.09% in October.
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.