Thursday, 18 December 2014
Last updated 5 hours ago
Oct 5 2012 | 10:41am ET
Hedge funds gained 0.76% in September, according to early data from eVestment|HFN, putting their year-to-date gains at 5.05%.
All but one of the seven strategies tracked by eVestment|HFN ended the month in positive territory, led by long/short equity funds, up 1.60% (6.17% YTD). Event driven/distressed funds were up 0.93% in September (5.47% YTD), convertible arbitrage funds were up 0.88% for September (7.00% YTD), multi-strat funds were up 0.80% for the month (3.48% YTD), market neutral equity funds added 0.51% for the month (2.40% YTD) and macro funds were up 0.36% for the month (2.43% YTD).
The only losers were managed futures funds, which shed 0.49% in September and are now up 0.97% YTD.
In terms of regions, emerging Europe and India funds posted the biggest monthly gains of 4.27% and 4.19%, respectively.
Small funds, those managing less than $250 million, outperformed both mid-sized (between $250 million and $1 billion) and large funds (over $1 billion). Small funds added 0.86% in September, while mid-sized funds added 0.34% and large funds added 0.60%. YTD, however, large funds have a slight edge over their small rivals, having added 5.30% to their 5.25%.
eVestment|HFN puts total hedge fund industry assets under administration at $2.6 trillion. Fixed-income/credit strategies had the highest inflows in September at $12.81 billion.
The proprietary eVestment|HFN research database contains information on 22,600 hedge funds, funds of hedge funds and CTA products, including 8,300 active funds and $1.7 trillion in active strategy assets.
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.