Tuesday, 29 July 2014
Last updated 9 hours ago
Feb 10 2011 | 12:22pm ET
Hedge funds got off to a slow start in 2011, at least compared to the soaring stock market.
The average fund rose 0.4% in January, according to the Greenwich Global Hedge Fund Index. By contrast, the Standard & Poor's 500 Index added 2.4% last month.
Market-neutral strategies—especially in the event-driven and arbitrage arenas—did best. Arbitrage funds added an average of 1.5% and event-driven funds 1.4%. Fixed-income arbitrage funds had an especially strong month, returning 2%, the best of any strategy or sub-strategy tracked by the Greenwich Strategy Group Indices.
Long/short equity funds had a perfectly average month, rising 0.4%. Opportunistic funds rose 1.1%, while short-biased funds dropped 1.2% in the face of rising markets. Long/short credit funds did better than their stock-trading brethren, returning 1.2% in January, while multi-strategy funds rose 0.4%.
Macro funds suffered a difficult January, losing 0.8%, while futures funds dropped 0.5%.
Regionally, the Americas were the place to be at the beginning of 2011: Funds focused on the region's developed markets rose 0.8%. Emerging markets funds rose 0.5%, with emerging Europe leading the way at 2.8%.
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…