Wednesday, 23 July 2014
Last updated 5 hours ago
Oct 4 2012 | 12:39pm ET
Hedge funds returned 0.47%, another disappointing month in a year filled with them.
The return, less than one-fifth that managed by the Standard & Poor's 500 Index in September, leaves the Dow Jones Credit Suisse Core Hedge Fund Index up 2.51% on the year. The S&P500 is up almost 14% in 2012.
Five of the seven hedge fund strategies tracked by Dow Jones gained ground in September. Long/short equity funds pulled themselves out of the red on the year with a 2.43% return (2.05% year-to-date), followed by event-driven funds, which added 1.46% (3.49% YTD). Convertible arbitrage funds rose 0.3% (5.9% YTD), fixed-income arbitrage funds 0.26% (1.74% YTD) and global macro funds 0.11% (4.86% YTD).
Managed futures funds, by contrast, plummeted into negative territory for the year with a 2.72% swoon in September (down 1.9% YTD). Emerging markets funds also fell into the red, losing 0.37% on the month (down 0.11% 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…