Sunday, 28 December 2014
Last updated 1 hour ago
May 6 2011 | 1:05pm ET
Hedge funds posted underwhelming gains in April, according to a pair of industry indices.
The Bloomberg Aggregate Hedge Fund Index added 1.4% last month and the Hennessee Hedge Fund Index 1.3%. Both badly trailed the Standard & Poor's 500 Index, which rose 2.96% on the year.
Hennessee Group co-founder Charles Gradante blamed an "investment environment" that "remains challenging."
Still, the news wasn’t all bad: Bloomberg, which said its index was up 3.7% year-to-date, added that April's returns brought the benchmark to its highest level in almost three years. The index's 127.99 level at the end of April is its best mark since June of 2008.
Bloomberg said that long/short equity funds returned an average of 2% last month, macro funds 1.7% and multistrategy funds 1.2%.
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.