Saturday, 25 October 2014
Last updated 21 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%).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.