Saturday, 20 September 2014
Last updated 1 day 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.