Sunday, 21 December 2014
Last updated 9 hours ago
Jul 10 2012 | 12:37pm ET
Hedge funds managed a small gain last month but missed out on June's month-end rally, a major industry index shows.
The Hennessee Hedge Fund Index returned 0.06% last month. But that paled in comparison to the nearly 4% surge enjoyed by the Standard & Poor's 500 Index.
"Hedge funds lagged in June as traditional benchmarks posted strong positive performance," Hennessee Group's Lee Hennessee said. "The majority of gains came at the end of the month as investor sentiment improved on the hope for stability in Europe. Hedge funds did not participate in the rally due to conservative exposures and suffered losses due to short covering."
According to Hennessee, long/short funds gained 0.63% on the month. Arbitrage and event-driven funds lost 0.28%.
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…
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