Saturday, 31 January 2015
Last updated 14 hours ago
Nov 7 2012 | 8:04am ET
Hedge funds slipped 0.56%, on average, in October, according to the Greenwich Global Hedge Fund Index.
Results were mixed for the month, with half of the eight strategies tracked by the index posting losses, and half gains.
Arbitrage strategies were the best performers of the month, adding 0.51% (7.70% year to date), while futures posted their third straight monthly loss, down 3.37% in October (and down 3.44% YTD).
The other winners were event-driven strategies, up 0.30% for the month (7.08% YTD); long/short equity, up 0.11% for the month (5.59% YTD) and long/short credit, up 0.09% for the month (8.95% YTD).
Also in the red for the month were macro funds, down 1.01% (but up 1.87% YTD); multi-strategy funds, down 0.65% (up 4.18% YTD); and equity market neutral funds, down 0.42% (up 1.53% YTD).
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…