Sunday, 21 December 2014
Last updated 1 day ago
Jun 6 2012 | 10:13am ET
Hedge funds suffered their worst month of the year in May, dropping 1.5% overall with widespread losses among hedge fund strategies.
Last month's troubles, which were not nearly as bad as those suffered by the Standard & Poor's 500 Index, leave the Dow Jones Credit Suisse Core Hedge Fund Index up just 0.88% on the year. All but one of the seven strategies tracked by the suite were down; managed futures, by contrast, were way up, adding 3.52% (3.13% year-to-date).
But a sea of red consumed other major strategies, notably long/short equity, which fell 5.08% on the month to drop into the red for the year, down 3.17%, and emerging markets, down 2.33% (down 0.1% YTD). Event-driven funds lost 2.25% in May (up 1.39% YTD), fixed-income arbitrage funds 1.14% (up 0.55% YTD), convertible arbitrage funds 1.06% (up 4.79% YTD) and global macro funds 0.45% (up 2.03% YTD).
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.