Tuesday, 2 June 2015
Last updated 14 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%.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…