Sunday, 1 February 2015
Last updated 1 day ago
Apr 5 2012 | 1:04pm ET
Following their second-worst year in history, hedge funds posted a positive first quarter.
While the Dow Jones Credit Suisse Core Hedge Fund Index lost ground last month, falling 0.82%, it ended the first quarter up 2.75%. But that badly trails the broader markets: The Standard & Poor's 500 Index rose about 12% in the year's first three months.
Just two of the seven strategies tracked by the Dow Jones Credit Suisse indices were in positive territory for March. Convertible arbitrage funds rose an average of 0.18% (6.09% year-to-date) and fixed-income arbitrage funds 0.05% (1.42% YTD).
On the other side of the ledger, event-driven funds lost 0.02% on the month (up 4.39% YTD), global macro 0.06% (up 2.84% YTD), emerging markets 0.98% (up 2.64% YTD), managed futures 2.11% (down 0.5% YTD, the only strategy in negative territory in the first quarter) and long/short equity 2.54% (up 2.65% YTD).
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…