Tuesday, 2 September 2014
Last updated 27 min ago
Jun 8 2011 | 10:04am ET
Hedge funds lost an average of 1.28% in May, their first losing month in nine and their largest drop in exactly one year, according to figures from Hedge Fund Research.
The decline leaves the HFRI Fund Weighted Composite Index up 1.92% on the year. Losses last month were widespread, with only seven of the 28 strategies and substrategies tracked by HFRI above water in May.
Systematic diversified funds suffered the worst month, losing 3.65% (down 1.17% year-to-date), followed by market defensive funds of funds (down 3.34% in May, down 2% YTD) and energy and basic materials funds (down 3.18%, up 0.28% YTD). Among major strategies, macro funds fell 2.54% (down 0.69% YTD), emerging markets funds fell 1.97% (up 0.77% YTD), equity hedge funds fell 1.08% (up 2.48% YTD) and event-driven funds fell 0.47% (up 4.27% YTD).
Funds of hedge funds lost 1.46% on the month (up 0.66% YTD).
The much-less numerous winners were led by asset-backed hedge funds, which added 1.06% (5.72% YTD). Technology and healthcare funds rose 0.71% (7.79% YTD) and short-bias funds 0.31% (down 7.64% YTD). Relative value funds were up 0.27%.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...