Thursday, 2 October 2014
Last updated 42 min ago
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).
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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