Tuesday, 29 July 2014
Last updated 3 hours ago
Apr 12 2011 | 4:03pm ET
Hedge funds were essentially flat in March, according to a new report from HedgeFund.net.
The HFN Hedge Fund Aggregate Index rose just 0.06% last month, in line with the Standard & Poor’s 500 Index. The hedge fund benchmark is up 1.37% through the first quarter, while the S&P is up almost 6%.
Emerging markets were the place to be in March, rising an average of 2.65% (1.58% year-to-date). In particular, hedge funds focused on India, Brazil and Latin America surged, rising 6.67% (down 6.76% YTD), 2.94% (1.05% YTD) and 2.58% (0.87% YTD), respectively. Japan-focused funds fell 4.8% (down 0.98% YTD) in the wake of the massive earthquake and tsunami that devastated the country’s northern coast on March 11.
Other strategies were decidedly mixed last month: Energy sector funds rose 1.69% (6.44 YTD), while short-bias funds tumbled 2.06% (down 5.56% YTD). Major strategies such as long/short equity and distressed debt were essentially flat, the former dropping 0.1% (up 1.28% YTD) and the latter rising 0.03% (2.97% YTD).
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…