Thursday, 30 October 2014
Last updated 19 min 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).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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