Thursday, 31 July 2014
Last updated 2 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…