Wednesday, 17 December 2014
Last updated 5 hours ago
Sep 7 2012 | 10:55am ET
With eight months in the books, hedge funds have a long way to go to impress in the last four of the year.
The average hedge fund rose just 0.51% in August, according Hedge Fund Research's HFRX Global Hedge Fund Index. The benchmark is up 2.29% for the year—a far cry from the roughly 12% return managed by the Standard & Poor's 500 Index over the same period.
Most strategies and sub-strategies tracked by the HFRX suite were up in August, but none matched the S&P500's nearly 2% jump. The closest to that market were master-limited partnership funds, which rose 1.77% in August (3.09% year-to-date).
Special situations funds added an average of 1.21% (2.29% YTD). Event-driven funds rose 0.92% (4.2% YTD), equity hedge funds 0.84% (2.6% YTD), fundamental value funds 0.71% (3.57% YTD), convertible arbitrage funds 0.67% (5.89% YTD), emerging markets funds 0.54% (5.55% YTD) and fundamental growth funds 0.52% (2.88% YTD).
Systematic diversified commodity trading advisers were the worst in August, falling 1.54% (down 3.05% YTD). Distressed restructuring funds gave back 0.34% on the month (up 3.15% YTD), equity market neutral funds 0.08% (down 5.11% YTD) and macro funds and CTAs 0.02% (down 0.37% YTD). Multi-strategy relative-value arbitrage funds were perfectly flat on the month, leaving them up an average of 1.5% on the year.
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.