Sunday, 28 December 2014
Last updated 4 days 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).
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.