Friday, 25 July 2014
Last updated 8 hours ago
Oct 4 2012 | 11:02am ET
Hedge funds inched towards the finish line last month, returning 0.39%, according to Hedge Fund Research.
The HFRX Global Hedge Fund Index is now up 2.69% on the year, just slightly ahead of the 2.58% return for the Standard & Poor's 500 Index last month. The broader-market index is up almost 14% on the year.
Master-limited partnerships were the best-performing strategy of the month, up 1.94% (5.09% year-to-date). Special-situations funds rose 0.89% (3.19% YTD), fundamental value funds 0.83% (4.43% YTD), equity hedge funds 0.78% (3.4% YTD), fundamental growth funds 0.71% (3.62% YTD) and event-driven funds 0.67% (4.9% YTD).
Relative-value arbitrage funds added 0.43% in September (2.8% YTD), distressed restructuring funds 0.3% (3.45% YTD), credit funds 0.28% (4.85% YTD) and multi-strategy relative-value fund 0.27% (1.77% YTD).
On the losing side of the ledger, systematic diversified commodity-trading advisers fell 1.75% last month (down 4.75% YTD), macro funds and CTAs 0.52% (down 0.89% YTD), equity market-neutral funds 0.28% (down 5.38% YTD), merger arbitrage funds 0.26% (up 0.68% YTD), convertible arbitrage funds 0.26% (up 5.62% YTD) and emerging markets fund 0.1% (up 5.45% YTD).
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…