Saturday, 28 March 2015
Last updated 10 hours ago
Jun 7 2007 | 12:14pm ET
Hedge funds were in a familiar position in May: well in positive ground, but also well behind the broader markets.
HedgeFund.net’s equal-weighted HFN Hedge Fund Aggregate Average rose 2.41% last month to reach 6.88% year-to-date, according to early estimates. But the continuing equity-market rally pushed the Standard & Poor’s 500 up another 3.49% to 8.77% year-to-date.
One way to beat the rally, it seems, is to go with it: The HFN Long Only Average rose 5.98% in May. The long/short subindex also performed relatively well, rising 2.76% on the month (8.09% YTD).
Other than just going with the market, emerging markets and energy funds were the strategies to be in last month, with the former adding 3.31% in May and the latter 3.11%. Those strategies are also the best-performing year-to-date, at 10.43% and 10.98%, respectively.
Among the remaining strategies, macro (2.81%, 5.2% YTD), special situations (2.74%, 9.35%), equity hedge (2.72%, 8.24% YTD) and CTA/managed futures (2.02%, 2.7% YTD) posted strong months. In addition, event-driven funds remained above the S&P500, with a 1.95% return in May and 9.15% year-to-date.
Regionally, Asia and Latin America funds had a remarkable May, rising 5.36% and 5.06%, respectively. Latin America funds are up an average of 14.8% in 2007, according to HFN, with Asia funds up an average of 10.16%.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…