Saturday, 20 September 2014
Last updated 1 day ago
Jun 3 2011 | 1:22pm ET
Hedge funds fell almost 1% last month as weak economic data weighed on stocks.
The Credit Suisse Liquid Alternative Beta Index dropped 0.9% on the month, cutting its year-to-date return to 4.05%. The Standard & Poor's 500 Index, burned by the same economic worries, did even worse on the month, losing 1.3%.
Long/short hedge funds' decline was in line with the broader hedge fund index, falling 0.93% in May. The strategy, which is up 5.58% on the year, "fell amidst downgraded economic outlooks and disappointing first-quarter earnings reports," Jordan Drachman, head of alternative beta strategies research at Credit Suisse, said.
Global strategies did even worse, losing 1.13% on the month (up 2.99% year-to-date), while event-driven funds fell a more modest 0.39% (up 5.465 YTD). Merger arbitrage funds managed a positive return on the month, adding 0.21% (5.24% YTD).
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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