Thursday, 25 December 2014
Last updated 1 day ago
Dec 5 2011 | 12:35pm ET
Hedge funds fell by almost 1% in November, leaving them a long way from break-even on the year, according to one prominent industry index.
The Dow Jones Credit Suisse Core Hedge Fund Index lost 0.95% last month. The benchmark is now down 7.03% on the year with just a month to go.
All but one of the seven strategies tracked by the suite was in the red last month, none more so than convertible arbitrage, which lost 2.35% on the month (down 8.84% year-to-date). Both emerging markets and global macro funds lost an average of 1.43%, the latter now down 10.43% on the year and the former 2.56%.
Long/shore equity funds fell an average of 0.94% (down 5.27% YTD), fixed-income arbitrage funds 0.87% (down 0.86% YTD) and event-driven funds 0.76% (down 11.68% YTD).
Only managed futures funds were in the black last month, rising 0.52%. But they remained down 4.69% thanks to a 5.07% drop in October.
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.