Saturday, 27 December 2014
Last updated 2 days ago
Nov 6 2012 | 11:53am ET
Hedge funds took a hit in October, along with the broader markets—although at least it was not quite as big a hit.
Hedge Fund Research's HFRX Global Hedge Fund Index shed 0.52% last month, while the Standard & Poor's 500 Index dropped almost 2%. But on the year, the latter is up in excess of 12%, while the average hedge fund is up just 2.15%.
Most strategies tracked by the HFRX indices were in the red last month, none more so than systematic diversified commodity trading advisers, which lost 3.01% (down 7.62% year-to-date), and distressed restructuring funds, which fell 2.99% (up 0.36% YTD). Merger arbitrage funds lost 1.37% (down 0.7% YTD), macro funds and CTAs 1.06% (down 1.94% YTD), event-driven funds 0.86% (up 4.01% YTD), fundamental growth funds 0.85% (up 2.74% YTD) and relative-value arbitrage funds 0.74% (up 2.04% YTD).
On the (quite a bit smaller) other hand, fundamental value funds rose 0.9% (5.37% YTD), equity hedge funds 0.43% (3.84% YTD), master-limited partnerships 0.3% (5.4% YTD), multi-strategy funds 0.23% (2% YTD), fixed-income credit funds 0.18% (5.04% YTD) and equity market-neutral funds 0.17% (down 5.22% 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.