Saturday, 10 October 2015
Last updated 4 hours 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…