Saturday, 27 December 2014
Last updated 2 days ago
Jan 18 2012 | 9:11am ET
HFRX has released its December and year-end 2011 performance report for its hedge fund indices and it is awash in red ink.
Among the few bright spots are two equity hedge strategies—short bias (up 0.91% for December and 11.19% for 2011) and technology/healthcare (up 0.25% in December and 2.21% for the year). Also ending the year in the black were credit arbitrage strategies (up 0.69% in December and 4.31% for the year) and discretionary thematic funds (down 0.71% in December but up 1.36% for the year).
Commodity: energy funds were flat for the year, at 0.09%, having gained 0.72% in December but energy infrastructure funds added 2.46% in December and 4.38% for the year. FI-asset backed funds gained 1.08% in December for a 14.27% full-year gain. Alternative energy funds gained 0.07% in December to end the year up 6.05%.
In terms of regions, multi-emerging markets was the only strategy to avoid red ink in 2011, gaining 1.92% in December to end up 4.79% for the year.
Almost all HFRX’s broader categories included strategies with double-digit losses in 2011. In the global category, market directional funds lost 18.86% in 2011.
In the equity hedge category, fundamental growth funds were down 14.82% for the year, equity hedge funds were down 19.08%, and fundamental value funds down 22.99%
Among the event-driven strategies, activist funds lost 16.82% in 2011 while in the macro category, commodity: metals funds were down 17.72%.
Regionally, the biggest losers were India funds (down 37.85%), BRIC funds (down 18.97%) and Brazil funds (down 16.35%).
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.