Saturday, 20 December 2014
Last updated 1 day ago
Dec 17 2012 | 12:05pm ET
Hedge funds posted broadly positive returns in November as the industry creaks towards the end of a broadly disappointing year.
The average hedge fund rose 0.64% last month and is up 6.1% on the year, according to the Dow Jones Credit Suisse Hedge Fund Index. The latter figure is about half the return of the Standard & Poor's 500 Index through November.
Twelve of Dow Jones' 13 strategy indices were in the black in November, led by emerging markets funds (1.1% in November, 7.72% year-to-date), risk arbitrage funds (1.05%, 1.29% YTD) and multi-strategy funds (1%, 9.69% YTD).
Long/short equity funds rose 0.73% last month (6.52% YTD), global macro funds 0.72% (3.27% YTD), managed futures funds 0.58% (down 3.97% YTD), fixed-income arbitrage funds 0.48% (10.29% YTD), equity market neutral funds 0.39% (down 0.01% YTD), event-driven multi-strategy funds 0.31% (7.97% YTD), event-driven funds 0.3% (8.49% YTD) and convertible arbitrage funds 0.22% (6.36% YTD).
The sole losing strategy last month was dedicated short-bias, which fell 0.43% in November and is down 17.97% on the year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.