Monday, 28 July 2014
Last updated 10 hours ago
Apr 6 2011 | 11:39am ET
Hedge funds certainly went out like a lamb in March, posting their first down month of the year to close out the third quarter, according to one industry index.
The average hedge fund lost 0.88% last month, according to Hedge Fund Research's HFRX Global Hedge Fund index, cutting its year-to-date return to just 0.4% amidst broad-based losses for hedge fund strategies.
Fundamental value hedge funds had a particularly bad month, dropping 4.48% (down 4.3% year-to-date). March was no picnic for equity hedge or systematic diversified funds, either; they lost an average of 3.13% (down 3.07% YTD) and 1.59% (down 3.49% YTD), respectively.
Multi-region funds fell 1.34% on the month (up 0.84% YTD), market directional funds 1.27% (up 0.64% YTD) and fundamental growth funds 0.54% (up 0.79% YTD).
Only six of the 18 HFRX strategy indices were in the black in March, led by equity-market neutral funds, up 1.55% (2.81% YTD). Special situations funds added an average of 0.42% (3.26% YTD), macro funds 0.38% (1.47% YTD), event-driven funds 0.18% (2.41% YTD), and absolute return and convertible arbitrage funds 0.01% each (0.5% and 3.39% YTD, 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…