Wednesday, 23 July 2014
Last updated 3 hours 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).
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…