Monday, 28 July 2014
Last updated 4 hours ago
Aug 7 2012 | 2:58pm ET
Hedge funds gained 1.05% in July bringing their year-to-date returns to 2.88%, according to the HFRI Fund Weighted Composite Index.
Most strategies ended the month in the black, with the exceptions of equity hedge technology/healthcare funds (down 0.42%), and event driven private issue/Regulation D strategies (down 0.73%).
The strongest equity hedge performers in July were energy/basic materials funds (up 2.06%) and short bias funds (up 2.95%). Among event driven funds, the best performers were distressed/restructuring funds (up 0.85%) while the best-performing macro strategies were systematic diversified funds (up 2.77% on the month). In the relative value category, yield alternatives funds added 2.47%, followed by fixed income-asset backed, with a 2.32% gain.
All regional indices ended July with gains, led by Russia/Eastern Europe funds, which added 2.51%.
HFR says investors allocated $4.1 billion in net new capital to hedge funds in Q2 2012, bringing net inflows in the first half of this year to over $20 billion. Despite that, total hedge fund capital ebbed to $2.10 trillion in Q2 from a record $2.13 trillion in Q1, due to the 2.7% loss posted by hedge funds in the second quarter.
Investors in Q2 2012 continued to prefer large funds and fixed income-based relative value arbitrage strategies, particularly RVA multi-strategy funds.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…