Saturday, 20 December 2014
Last updated 1 day ago
Sep 8 2011 | 1:50pm ET
August was an unforgiving month for all but one hedge fund strategy, according to Hedge Fund Research.
The HFRX Global Hedge Fund Index fell 3.47% last month, leaving it down 5.61% on the year. Twelve of the suite's 13 strategy indices followed the main index into the red, with only systematic diversified funds managing a gain, of 0.71% (down 1.03% year-to-date).
Equity hedge fund funds were particularly hard hit as the Standard & Poor's 500 Index fell almost 6% in August. Fundamental value funds lost an average of 7.53% (down 17.1% YTD) and fundamental growth funds 5.95% (down 6.6% YTD). Equity hedge funds overall lost 5.64% (down 14.22% YTD).
Event-driven funds shed 4.05% on the month (down 3.3% YTD), followed by distressed securities funds (down 4.03% in August, down 3.78% YTD) and special situations funds (down 3.69%, down 2.09% YTD). Relative value arbitrage funds lost 3.58% in August (down 1.98% YTD).
Among major strategies, only macro escaped most of the carnage, falling just 0.09% (down 0.99% YTD). Following the brutal month, only one HFRX index remains in positive ground for the year, multi-strategy relative value arbitrage funds, which are up 0.09% on the year after losing 2.37% in August.
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.