Friday, 19 December 2014
Last updated 3 hours ago
Jun 4 2012 | 2:56pm ET
Hedge funds slipped into the red in May as most strategies suffered sizeable losses.
The Credit Suisse Liquid Alternative Beta Index fell 2.32% last month. The loss leaves the benchmark down 0.43% on the year. But it lost less than the Standard & Poor's 500 Index in May, when the broad market benchmark fell more than 6%, although the S&P 500 remains up on the year.
Four of the five strategies tracked by the LAB indices took a loss in May. Event-driven funds dropped 3.76% (down 0.05% year-to-date) and long/short funds 3.64% (down 0.14% YTD). Merger arbitrage funds dipped 1.66% (down 1.67% YTD) and global strategies 1.36% (down 0.77% YTD).
Only managed futures funds saw gains last month. The strategy added 2.5% in May to pull out of the red, leaving it up 0.46% on the year.
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.