Saturday, 30 August 2014
Last updated 1 day ago
Jul 7 2011 | 10:33am ET
Hedge funds lost ground across the board in June, pushing the average hedge fund into the red for the year, according to the Credit Suisse Index Co.
The Dow Jones Credit Suisse Core Hedge Fund Index shed 1.95% last month, leaving the index down 1.1% on the year. June's difficulties followed a rough May, when the index fell 1.71%.
"Headlines over Eurozone debt concerns dominated markets and set the tone for a second consecutive negative month of hedge fund performance in June," Oliver Schupp, president of the Credit Suisse Index Co., said.
All but one of the seven strategies tracked by Credit Suisse and Dow Jones fell in June, with fixed-income arbitrage's 0.2% (2.38% year-to-date) return the only bright spot.
The other strategies were all red. Global macro suffered the ugliest month, losing 3.12% (down 4.04% YTD), followed closely by managed futures funds (down 2.92% in June, 4.44% YTD) and event-driven funds (down 2.69%, down 1.71% YTD).
Long/short equity funds lost an average of 1.66% (up 1.4% YTD), convertible arbitrage funds fell 1.45% (up 0.42% YTD) and emerging markets funds edged down 0.11% (up 2.38% 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…
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 ...