Thursday, 24 July 2014
Last updated 13 hours ago
Jun 21 2012 | 11:32am ET
Hedge funds extended their May—and April—losses in the first half of this month, one industry benchmark shows.
The HFRX Global Hedge Fund Index shed 0.54% on the month through June 15. The decline leaves the index up just 0.97% on the year.
Only one of the 15 strategy, sub-strategy and regional indices compiled by Hedge Fund Research for the HFRX suite was in the black in the first two weeks of June, and it only barely: Fundamental value equity funds rose a microscopic 0.03% (0.54% YTD).
The rest of the report was a sea of red. Macro funds and commodity trading advisers lost 1.06% (down 1.57% YTD), relative value arbitrage funds 0.42% (up 1.72% YTD), and equity hedge fund and event-driven funds 0.38% apiece (up 0.27% and 3.18% YTD, respectively).
Systematic diversified funds took the biggest loss in early June, dropping 1.89% (down 2.6% YTD). Equity market neutral funds lost 0.98% (down 4.5% YTD), special situations 0.52% (up 1.52% YTD) and convertible arbitrage 0.47% (up 2.73% YTD).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…