Thursday, 31 July 2014
Last updated 10 hours ago
Nov 7 2012 | 1:49pm ET
Hedge funds in October lost as much as they had gained the prior month, according to one prominent industry benchmark, leaving them up an average of just 2% on the year.
The Dow Jones Credit Suisse Core Hedge Fund Index fell 0.47% last month, cutting its year-to-date return to 2.03%. By contrast, the Standard & Poor's 500 Index lost almost 2% in October but remains up more than 10% on the year.
Four of Dow Jones' seven strategy benchmarks lost ground last month. Managed futures took the biggest hit, falling 3.84% (down 5.67% year-to-date). Long/short equity funds shed 0.75% (up 1.28% YTD), global macro funds 0.51% (up 4.32% YTD) and fixed-income arbitrage funds 0.04% (up 1.69% YTD).
On the other side of the ledger, event-driven funds added 0.75% (4.27% YTD), convertible arbitrage funds 0.61% (6.55% YTD) and emerging markets funds 0.48% (0.37% 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…