Wednesday, 30 July 2014
Last updated 11 hours ago
May 3 2012 | 8:37am ET
Hedge funds were up slightly in April, with the HFRX Global Hedge Fund Index reporting a gain of 0.12%.
The positive performance was due, in part, to the showings of macro and relative value strategies and came as equity markets posted declines.
Macro CTA strategies gained 0.43% in April with contributions from systematic diversified funds, which gained 0.48% (but have posted the biggest YTD loss of all strategies, at 3.44%).
Relative value arbitrage strategies were up 0.29% in April, their fifth consecutive positive month, thanks in part to positive contributions from convertible arbitrage strategies (up 0.07%). RV multi-strategy funds added 0.12% while convertible arbitrage funds gained 0.07%.
Equity hedge strategies slipped 0.09% for the month, despite positive contributions from both fundamental growth strategies (up 0.33%) and fundamental value strategies (0.15%) offset by mixed performance in energy and weakness in market neutral strategies (down 1.52%). EH fundamental growth strategies led all strategies in YTD returns, with a gain of 6.54%.
Event driven funds lost 0.10% for April, with a narrow gain in merger arbitrage strategies (up 0.05%) offset by mixed performance in special situations (down 0.45%) and distressed strategies (down 0.51%).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…