Saturday, 31 January 2015
Last updated 22 hours ago
Jul 18 2007 | 9:10am ET
June had seen nothing but good news for hedge fund indices. Until now. At least according to one data provider.
Hedge Fund Research’s HFRX Global Hedge Fund Index declined, slightly, during a month that hedge fund indices have been more or less unanimous: While the Standard & Poor’s 500—and the equity markets it covers—fell during the month, hedge funds produced positive returns. The HFRX index fell 0.07% on the month and is up only 6.39% year-to-date. The S&P500, by contrast, dropped more than 1% last month, but is still up 6.96% on the year.
Three of the HFRX strategy indices joined the main index in the red last month. Event-driven funds fell 0.94% (up 9.05% YTD), equity hedge lost 0.42% (up 7.17% YTD) and relative value arbitrage shed 0.15% (up 4.63% YTD).
On the brighter side, the HFRX Volatility and Diversity indices had strong months, with the latter up 1.35% on the month and 10.39% year-to-date, and the former adding 1.21%, though it remains down 1.2% on the year.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…