Saturday, 26 July 2014
Last updated 11 hours ago
Jul 11 2011 | 3:58pm ET
Hedge funds suffered a down June across the board, with the notable exception of short-biased funds, according to new data from Greenwich Alternative Investments.
The average hedge fund fell 1.3% last month, the Greenwich Global Hedge Fund Index shows. That benchmark is now up just 0.4% on the year, compared to about 6% for the Standard & Poor's 500 Index.
Just two of the 31 strategies and substrategies tracked by Greenwich AI managed positive returns in June, and one of those just barely. Fixed-income arbitrage funds edged up 0.1% on the month (4.1% year-to-date). But short-biased funds boomed as stocks tanked, adding 3.7% to erase the losses they suffered during the first four months of the year to end the first half up 0.1%.
On the other end of the June spectrum sit futures funds, which lost 2.4% (down 3.2% YTD). Special situations (down 2.1% in June, up 1.4% YTD), multi-strategy (down 1.7%, down 0.3% YTD), growth (down 1.5%, up 1.2% YTD), emerging markets (down 1.4%, down 1% YTD), event-driven (down 1.2%, up 2.4% YTD), other arbitrage (down 1.2%, down 2.1% YTD), long/short equity (down 1.1%, up 1.1% YTD) and macro (down 1.1%, down 1.3% YTD) funds all suffered on the month, as well.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…