Thursday, 21 August 2014
Last updated 6 hours 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).
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note