Wednesday, 23 July 2014
Last updated 1 hour ago
Apr 15 2011 | 1:22pm ET
Hedge funds posted their ninth-consecutive month of positive returns, albeit barely, according to Eurekahedge.
The Eurekahedge Hedge Fund Index added an estimated 0.2% in March, bringing its year-to-date return to 1.33%. Relative value funds led the way, rising 1% (2.23% year-to-date), followed by multi-strategy funds at 0.84% (1.6% YTD) and arbitrage funds at 0.63% (2.33% YTD).
Event-driven funds rose 0.6% in March (1.93% YTD), fixed-income 0.58% (2.24% YTD) and long/short equities 0.56% (1.82% YTD). Distressed debt hedge funds added just 0.38%, but is the best-performing strategy of the year at 3.98%.
Two of Eureka's strategy indices lost ground in March, with commodity trading advisers and managed futures funds dropping 1.03% (down 0.48% YTD) and macro funds edging down 0.06% (up 0.21%).
Regionally, Asia ex-Japan funds did best in a month that saw the massive earthquake, tsunami and nuclear crisis in that country, rising 2.21% (down 0.63% YTD). Japan funds, by contrast, were down 0.86% (up 2.5% YTD). Emerging markets funds were up 2.03% (1.12% YTD).
Funds of hedge funds were basically flat, dropping 0.04% in March (up 0.63% 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…