Friday, 25 July 2014
Last updated 1 hour ago
Dec 12 2012 | 10:19am ET
Hedge funds posted broadly higher returns in an otherwise underwhelming November characterized by uncertainty, according to Eurekahedge.
The Eurekahedge Hedge Fund Index rose 0.52% last month and is up 4.51% on the year, roughly one-third the return of the Standard & Poor's 500 Index. Those "marginal gains" were spread across the board, with just one region and two strategies suffering negative returns on the month.
Event-driven funds enjoyed the best average returns in November, rising 1.46% (7.42% year-to-date). Arbitrage funds rose 0.98% (5.93% YTD), multi-strategy funds 0.79% (6.36% YTD), long/short equities funds 0.67% (5.71% YTD), fixed-income funds 0.65% (8.92% YTD), relative value funds 0.62% (9.36% YTD) and commodity trading advisers and managed futures funds 0.09% (down 0.88% YTD).
Only distressed debt and macro funds fell in November, both by an average of 0.08%. The former strategy is up 9.81% on the year, 2012's best so far, and the latter is up 1.1%.
Regionally, Asia funds stood out in November. Japanese hedge funds rose 1.41% (2.05% YTD) and Asia ex-Japan funds 1.2% (7.41% YTD). European hedge funds added 0.8% (5.57% YTD), emerging markets funds 0.77% (6.85% YTD), Latin American funds 0.43% (8.39% YTD) and North American funds 0.25% (5.99% YTD). Eastern European and Russian funds shed 0.78% in November and are now down for the year at negative 0.17%.
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…