Thursday, 31 July 2014
Last updated 5 hours ago
Dec 4 2012 | 1:17pm ET
This year is poised to go out with a whimper for hedge funds, which lost ground for the second-straight month in November, according to an industry replication index.
The average hedge fund lost 0.24% last month, following October's 0.64% drop, the Credit Suisse Liquid Alternative Beta Index shows. The benchmark is now up just 2.07% on the year, well behind the broader markets.
Merger arbitrage funds did best on the month, according to the LAB indices, rising 0.85% to cut their average year-to-date loss to 3.53%. The year's best-performing strategy, event-driven, added to its lead in November, rising 0.41% to enter December up 9.57% in 2012.
Managed futures funds win the title of worst-performing strategy of both the month and year, down 0.65% in November and 9.44% in 2012. Global strategies shed 0.46% last month to extend their losses for the year to 0.98%, while long/short funds lost 0.33% on the month, cutting their gains for the year to 2.61%.
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…