Sunday, 28 December 2014
Last updated 3 days 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).
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.