Friday, 22 August 2014
Last updated 11 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).
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note