Thursday, 18 December 2014
Last updated 11 hours ago
Apr 17 2012 | 8:23am ET
Hedge funds were flat in March, slipping 0.02%, according to Hedge Fund Research’s HFRX Global Hedge Fund Index, for a year-to-date gain of 3.14%.
Among the best-performing equity strategies were technology/healthcare funds, up 1.58% for the month (6.14% year to date); and fundamental value funds, up 0.79% for the month (and 2.31% YTD).
In the event-driven category, the best performers were credit arbitrage strategies, up 0.96% in March (and 3.90% YTD); and multi-strategy, up 0.72% for the month (and 2.98% YTD). In the macro category, commodity: energy funds generated the biggest returns, up 5.50% for March and 7.48% YTD.
The strongest relative value strategy in March was fixed income-asset backed, up 1.56% for the month and 6.63% YTD.
On the flip side, the worst-performers in the equity category were short bias funds, down 2.68% for the month (and down 13.16% YTD); and energy/basic materials funds, down 2.39% for March (and 0.42% YTD).
The only negative event-driven strategy in March was activist, which lost 0.39% for the month but is up 10.84% YTD. The worst-performing macro strategy was commodity: metals, down 8.05% on the month (and 2.23% YTD). Energy infrastructure funds were the worst-performing relative value strategy, down 1.31% in March but up 1.89% 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.