Saturday, 20 December 2014
Last updated 1 day ago
Jan 11 2011 | 11:57am ET
Hedge funds advanced more than 11% last year, according to one widely-followed industry benchmark.
The Dow Jones Credit Suisse Hedge Fund Index added an estimated 3.01% last month to end 2010 up 11.07%. All but two of 13 strategies and substrategies tracked by the index ended the year in positive ground, seven of those in double digits. But none matched the return of the Standard & Poor’s 500 Index, which rose more than 15% last year.
Event-driven multi-strategy funds did best in 2010, rising an estimated 14.9% (5.27% in Dec.). Global macro funds, event-driven funds and fixed-income arbitrage funds also did better than their peers, rising 13.54% (2.75% in Dec.), 12.98% (4.16% in Dec.) and 12.5% (0.63% in Dec.), respectively.
Managed futures funds were up 12.28% (5.5% in Dec.), emerging markets funds 11.56% (1.71% in Dec.), convertible arbitrage funds 10.95% (1.14% in Dec.), distressed funds 9.84% (2.34% in Dec.), multi-strategy funds 9.38% (1.79% in Dec.), long/short equity funds 9.26% (3.41% in Dec.) and risk arbitrage funds 3.26% (1.24% in Dec.).
Two strategies lost ground last year. Equity market neutral funds edged down 0.37% despite a 2.22% December rally. Dedicated short-bias funds plummeted 22.52% (down 5.94% in Dec.).
Credit Suisse and Dow Jones Indexes said the estimated results were based on 88% of index constituents reporting.
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.