Sunday, 28 December 2014
Last updated 3 days ago
Apr 10 2012 | 8:44am ET
Equity and event driven funds led the way as hedge funds posted their strongest first quarter since 2006, according to Hedge Fund Research.
The HFRI Fund Weighted Composite Index was up 4.94% in Q1 2012, despite a slight loss—0.01%—in March.
For the full quarter, equity hedge funds posted the strongest gains, adding 7.3%, their best first quarter performance since 2000. For the month of March alone, equity hedge strategies were up 0.3%.
Relative value arbitrage funds were up 0.60% for the month of March (the best results of any strategy) for a first quarter gain of 4.3%.
Event driven funds gained 4.5% in the first quarter and 0.2% for March.
On the flip side of the coin, Macro funds declined by 0.92% in March, although they were up 1.2% for the quarter. Within the macro category, systematic diversified funds were down 1.96% for March and 0.68% for the first quarter.
Funds of hedge funds gained 3.4% in the first quarter, having added 0.06% in March. Emerging markets added 7.35% in the first quarter despite a decline of 1.5% in March.
"Hedge fund gains from early 2012 were virtually unchanged in March, with overall Q1 performance the best in six years," said Kenneth J. Heinz, president of HFR, in a statement. "While many global equity markets rallied in early Q112, volatility has returned to equities and other asset classes in recent weeks, indicating that although the set of risks has shifted in 2012, navigating the nascent global growth environment requires tactical flexibility and positioning for a broad continuum of macroeconomic and fundamental financial market scenarios."
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.