Thursday, 21 August 2014
Last updated 30 min ago
Apr 11 2011 | 2:33pm ET
Hedge funds posted widely disparate returns in March, with the average fund suffering a small drop, according to Greenwich Alternative Investments.
The Greenwich Global Hedge Fund Index shed 0.1% last month, leaving it up 1.4% on the year. Returns for its various strategy and substrategy indices varied widely, from a 1.5% surge to a 1.8% decline. But most strategies gained or lost less than 1% on the month.
Market-neutral funds, generally, did best; so-called "other" arbitrage, excluding convertible and fixed-income, clocked a 1.5% return (1.5% year-to-date) and distressed securities rose 1.2% (4.9% YTD). Arbitrage funds generally added 0.7%, while event-driven and equity-market neutral funds rose 0.5% each (3.2% and 1.1% YTD, respectively).
Long/short equity funds and special strategies funds each returned an average of 0.4% (2.1% and 2% YTD, respectively). Directional trading strategies, however, took a beating, losing an average of 1.5% (down 1% YTD), with futures funds dropped 1.8% (down 1% YTD) and macro funds 0.8% (down 0.6% YTD).
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note