Thursday, 18 December 2014
Last updated 8 hours ago
Dec 21 2012 | 11:06am ET
The year 2012 has been something of a dud for the hedge fund industry, but there's hope on the precipice of the fiscal cliff (or on the precipice of a deal to avert it).
Hedge funds are rallying modestly this month, according to figures from Hedge Fund Research. The average fund added 0.75% in the first half of December, meaning that the first two weeks of the month contributed a substantial portion of the HFRX Global Hedge Fund Index's 3.35% return for the year.
With just one exception, all strategies and substrategies tracked by HFRX are up this month. Relative value funds are up 0.92% (3.25% YTD), emerging markets funds 0.9% (7.71% YTD), macro funds and commodity trading advisers 0.76% (down 0.89% YTD), event-driven funds 0.71% (5.35% YTD) and equity hedge funds 0.63% (5.01% YTD).
Among substrategies, systematic diversified CTAs are tops, up 1.35% (down 6.94% YTD, the worst of any strategy or substrategy), followed by fundamental growth funds (1.31% in December, 5.99% YTD), merger arbitrage funds (1.1%, 0.91% YTD) and multi-regional funds (1.09%, 4.8% YTD).
The only losing strategy in December so far is master-limited partnerships, which fell 1.95% to cut its year-to-date gain to 3.19%.
Of course, if the U.S. does careen off the fiscal cliff, all bets are off for month-end numbers.
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.