Thursday, 20 November 2014
Last updated 4 hours ago
Jul 19 2012 | 11:16am ET
After a highly-mixed second quarter, hedge funds have gotten off on the right foot in the third.
The average hedge fund rose 0.56% in the first two weeks of July, according to the HFRX Global Hedge Fund Index. The gain pushes the benchmark to 1.79% for the year.
All but three of the strategies and sub-strategies tracked by Hedge Fund Research's HFRX suite were up through July 16, led by systematic diversified commodity trading advisors, which added 2.92% (down 1.84% year-to-date) and the broader macro/CTA index, which returned 1.76% (down 0.07% YTD). The market directional and multi-region indices were both up 1.46% (the former 0.3% YTD, the latter 3.31% YTD).
Convertible arbitrage funds rose an average of 0.9% in early July (4.91% YTD), equity market neutral funds 0.76% (down 4.24% YTD), fundamental value funds 0.67% (2.13% YTD), distressed restructuring funds 0.5% (3.56% YTD) and equity hedge funds 0.39% (1.58% YTD).
Relative value arbitrage funds added 0.3% (2.44% YTD), multi-strategy funds 0.2% (2.26% YTD) and merger arbitrage funds 0.02% (1.01% YTD).
The two-week losers were fundamental growth funds, down 0.67% (up 1.75% YTD); special situations funds, down 0.22% (up 0.76% YTD); and event-driven funds, down 0.02% (up 2.97% YTD).
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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