Hedge Funds Lose Ground In Early May

May 18 2012 | 4:10am ET

After posting very modest gains in April, hedge funds returned to their losing ways in the first two weeks of May.

The average hedge fund shed 1.22% this month through May 15, according to Hedge Fund Research's HFRX intra-month update. The average fund is now up just 2.01% on the year, according to the HFRX Global Hedge Fund Index.

All but one of the strategies and substrategies tracked by the HFRX suite were in the red for the first half of May, with only convertible arbitrage funds posting gains of 0.45% (4.35% year-to-date). Meanwhile, market directional funds lost 3.47% during the period (down 0.06% YTD), fundamental growth funds 2.92% (up 3.43% YTD), equity hedge funds 2.41% (up 1.34% YTD), North America funds 1.8% (up 0.77% YTD), fundamental value funds 1.66% (up 0.76% YTD), special situations funds 1.27% (up 3.17% YTD) and event-driven funds 1.11% (up 4.53% YTD).

Other strategies fared slightly less badly. Systematic diversified commodity trading advisers shed 0.14% through May 15 (down 3.58% YTD), multi-strategy relative value funds 0.32% (up 3.17% YTD), distressed restructuring funds 0.43% (up 4.81% YTD), relative value arbitrage funds 0.45% (up 3.39% YTD), merger arbitrage funds 0.66% (up 1.09% YTD), and macro funds and CTAs 0.76% (down 1.62% YTD).


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.