Friday, 1 August 2014
Last updated 15 hours ago
Dec 10 2012 | 5:40am ET
Most hedge funds eked out a positive return in November, Hedge Fund Research's voluminous HFRI indices show.
The HFRI Fund Weighted Composite Index rose 0.35% last month and is up 4.89% on the year with one month to go. The Standard & Poor's 500 Index was also up only slightly last month, about 0.6%, but is up over 13% on the year.
Most hedge fund strategies were in the black in November. Emerging markets funds added an average of 0.86% on the month (6.31% year-to-date), relative-value funds 0.76% (9.54% YTD), event-driven funds 0.66% (6.46% YTD) and equity funds 0.39% (5.77% YTD), while macro funds lost an almost-imperceptible 0.005% (down 0.93% YTD).
Asia ex-Japan funds rose 1.67% (7.91% YTD), quantitative directional funds 1.41% (7.2% YTD), global emerging markets funds 1.4% (6.34% YTD), asset-backed funds 1.09% (15.93% YTD), convertible arbitrage funds 1.03% (7.75%), merger arbitrage funds 0.82% (1.74% YTD), equity market neutral funds 0.64% (3.15% YTD), distressed and restructuring funds 0.64% (7.73% YTD), corporate fixed-income funds 0.64% (9.64% YTD) and multi-strategy relative-value funds 0.62% (7% YTD).
Just a handful of substrategies lost ground in November. Short-bias funds were hammered again, falling 1.7% (down 15.49% YTD), when energy and basic materials funds lost 1.49% (down 5.03% YTD). Latin America funds shed 0.88% (up 6.1% YTD), Russia and Eastern Europe funds 0.36% (up 2.35% YTD), systematic diversified funds 0.29% (down 3.47% YTD), private issue and Regulation D funds 0.21% (up 0.27% YTD) and technology and healthcare funds 0.16% (up 5.23% YTD).
Funds of hedge funds added 0.44% last month (3.56% 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…