Saturday, 4 July 2015
Last updated 19 hours ago
Aug 3 2012 | 11:17am ET
Hedge funds began the third quarter in the black, according to a widely-followed industry index.
The Dow Jones Credit Suisse Core Hedge Fund Index rose 1.02% last month, not far off the Standard & Poor's 500 Index' 1.26% return. The alternative investments benchmark is now up 1.45% on the year.
All but one of the seven strategies tracked by the indices gained ground last month. Managed futures funds led the way, nearly erasing its June loss with a 3.26% July return (2.91% year-to-date).
Global macro funds rose an average of 1.61% (3.83% YTD), convertible arbitrage funds 1.29% (5.32% YTD) and long/short equity funds 1.18% (down 2.01% YTD). Emerging markets funds added 0.59% (0.41% YTD) and event-driven funds 0.28% (0.96% YTD).
Fixed-income arbitrage funds were the only losers, falling an average of 0.57% last month (up 0.9% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…