Sunday, 21 December 2014
Last updated 1 day ago
Sep 7 2012 | 10:28am ET
Hedge funds added 0.53% last month, badly lagging the broader markets, a hedge fund replication index shows.
The disappointing August—a month that saw the Standard & Poor's 500 Index rise almost 2%—leaves the Credit Suisse Liquid Alternative Beta Index up just 2.37% on the year, compared to almost 12% for the S&P500. Long/short funds actually managed to beat the broad-market index last month, rising 2.05%, but remain up just 3.67% on the year, according to Credit Suisse.
Event-driven remains the strongest strategy in the LAB arsenal after a 1.38% jump in August left it up 7.1% on the year. LAB's three other strategies were all in the red for the month.
Managed futures fell 1.5% (down 5.34% year-to-date), global strategies 0.23% (up 0.1% YTD) and merger arbitrage 0.08% (down 2.09% YTD).
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.