Sunday, 25 January 2015
Last updated 2 days ago
Feb 2 2011 | 11:18am ET
Hedge funds badly lagged the broader markets in the first month of 2011, according to early figures from one industry index.
The HFRX Global Hedge Fund Index was up just 0.56% last month, less than a quarter of the Standard & Poor's 500 Index's 2.26%. Distressed securities funds led the way at 1.87%, followed by convertible arbitrage funds at 1.64% and relative value arbitrage funds at 1.12%.
Multi-strategy relative value funds added 1.01% on the month, merger arbitrage funds 1%, special situations funds 0.98%, event-driven funds 0.86%, fundamental growth funds 0.25%, macro funds 0.15% and fundamental value funds 0.05%.
At least three strategies suffered a losing month. Systematic diversified funds plummeted 2.58% on the month. Equity hedge and equity market-neutral funds each took a more modest hit, losing 0.17% and 0.36%, respectively.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…