Thursday, 31 July 2014
Last updated 3 hours ago
Feb 11 2011 | 8:47am ET
Hedge funds badly trailed the broader markets in January, eking out a small return as the stock market rally continued into the new year.
Hedge Fund Research's HFRI Fund Weighted Composite Index opened 2011 with a 0.29% return last month. Event-driven funds set the pace, returning an average of 1.96% in January—private issue and Regulation D funds did particularly well, rising an average of 5.41% on the month.
Relative value funds added 1.04% on the month. Asset-backed funds rose an average of 2.1%, corporate fixed-income funds 1.93%, multi-strategy relative-value funds 1.57% and convertible arbitrage funds 1.5%.
Equity hedge funds did somewhat less well, returning an average of 0.71%. Technology and healthcare specialists did best, returning 1.47%, with short-bias funds their mirror image, dropping 1.47% in January.
Macro funds and emerging markets funds has a tough January, with some exceptions. The former dropped 0.63% on the month and the latter 0.02%, but Russia and Eastern Europe funds soared 3.66%.
Funds of hedge funds edged down 0.27%.
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…