Friday, 26 December 2014
Last updated 1 day ago
Jul 9 2007 | 2:04pm ET
In spite of declining equity markets, hedge funds enjoyed another up month, the HFN Hedge Fund Aggregate Average shows.
Hedge funds rose 1.4% last month, the 11th consecutive positive monthly return for the index, HedgeFund.net said. Hedge funds’ year-to-date return now stands at 7.86%, retaking the lead from the Standard & Poor’s 500, which stands at 6.96% year-to-date after shedding 1.66% in June.
While hedge funds bucked the markets—even the HFN Long/Short Equity Average was up last month, adding 1.05% (8.89% YTD)—they were not immune to them. Short-biased funds profited from the market’s tumble, rising 2.65% last month. Unfortunately for short investors, the funds haven’t recovered from the beating they took over the months-long market rally, and short-biased funds remain down 2.48% on the year. Meanwhile, the HFN Finance Sector Average was burned by the growing subprime mortgage fiasco, falling 0.55% in June. It is down 1.09% in 2007.
Shorting wasn’t the only way to make money last month. The HFN CTA/Managed Futures Average soared 2.73% last month to reach 5.19% year-to-date after a slow start. Macro funds also enjoyed a strong June, rising 2.16% (6.03%). Emerging markets and energy funds remain the best performers year-to-date after June returns of 1.95% (11.21% YTD) and 1.24% (12.15% YTD), respectively.
Asia and Latin America remained good places to make money, as well, with returns of 2.31% (10.26% YTD) and 1.19% (16.54% YTD), respectively.
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.