Monday, 28 July 2014
Last updated 3 hours ago
Mar 27 2012 | 8:48am ET
Investors poured about $3.25 billion into hedge funds in February, the first month of inflows since August 2011, bringing total assets under management in the industry to $1.75 trillion.
The Dow Jones Credit Suisse Hedge Fund Index was up 1.61% in February, with nine of the 10 strategies followed in the black
Convertible arbitrage and managed futures strategies saw the largest asset inflows on a percentage basis in February, at 0.97% and 0.64%, respectively, from January 2012.
Directional strategies, such as long/short equity, generated positive returns for the second month in a row. Managers noted that the market appeared to trade more on fundamentals as stock correlations declined and stock prices reacted in line with post earnings announcements;
Global macro managers and managed futures funds posted gains thanks to positive market sentiment driven by further global monetary easing and better-than-expected macroeconomic data.
Fixed-income arbitrage managers posted gains as managers have, in some instances, been able to benefit from the risk-on environment through model convergence trades as volatility compressed over the course of the month.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…