Sunday, 21 December 2014
Last updated 1 day ago
May 22 2007 | 12:33pm ET
Hedge funds couldn’t keep up with equities in April, as the stock market rally left hedge fund returns in the dust, according to the Greenwich Global Hedge Fund Index.
After a slow start to the year, the Standard & Poor’s 500 roared back with a 4.43% return last month, while the Greenwich index rose just 2.04%. Worse still for hedge funds, they now trail the S&P year-to-date, according to the index, 4.81% to 5.09%.
None of the more than 20 strategies and substrategies tracked by Greenwich Alternative Investments topped the S&P in April—futures funds came closest, returning 4.42% on the month—though several remain ahead year-to-date, not including futures, which clawed back into the black this month to reach just 1.72% year-to-date.
Bolstered by the strong stock market, long/short equity strategies were among Greenwich’s top performers. Opportunistic funds rose 2.73% (6.2% YTD), value funds 2.13% (5.44%) and aggressive growth funds 2.05% (5.14% YTD). There was, of course, one exception: short selling, which took a big hit, dropping 2.91% (-3.03% YTD). On the bright side, it was the only Greenwich strategy to post a loss last month, and is the only one in the red year-to-date.
Emerging markets have thus far taken the top spot as the best-performing strategy in 2007, with a 3.35% return last month (7.27% YTD).
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.