Wednesday, 17 December 2014
Last updated 7 hours ago
Apr 4 2012 | 2:31am ET
Hedge funds inched down in March, capping off a positive but disappointing first quarter.
Hedge Fund Research's HFRX Global Hedge Fund Index lost 0.02% last month. The benchmark is up 3.14% on the year, but well behind the Standard & Poor's 500 Index, which rose in excess of 10% in the first quarter.
None of the strategies tracked by HFRX can claim that feat. The best of them, fundamental growth equity funds, are up an average of just 6.19% for the year's first three months after rising 0.18% in March.
Event-driven and distressed restructuring funds, are up 5.81% and 5.8%, respectively, for the year's first three months after rising 0.56% and 0.59%, respectively, in March.
Fundamental value equity funds were the month's best performer, rising 0.79% (2.31% year-to-date), trailed by distressed restructuring funds at 0.59% (5.8% YTD) and event-driven funds at 0.56% (5.81% YTD). Special situations funds rose 0.44% (4.97% YTD) and equity hedge funds 0.4% (3.94% YTD), followed by relative value arbitrage funds (0.27% in March, 3.56% YTD), merger arbitrage funds (0.21%, 1.71% YTD) and fundamental growth equity funds (0.18%, 6.19% YTD).
Three strategies suffered losses in March. Systematic diversified commodity trading advisors shed 2.36% (down 3.9% YTD), macro funds and CTAs 1.6% (down 1.29% YTD), and equity market neutral funds 1.21% (down 1.63% YTD).
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.