Thursday, 21 August 2014
Last updated 11 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note