Friday, 26 December 2014
Last updated 2 days ago
Jan 4 2013 | 1:21pm ET
Hedge funds ended last year strongly, but not nearly strongly enough to avoid a disappointing 2012.
The average hedge fund rose 1.13% last month, according to Credit Suisse's hedge fund replication index. The Credit Suisse Liquid Alternative Beta Index returned just 3.22% last year, with three of its five strategy benchmarks in the red for the year; by contrast, the Standard & Poor's 500 Index returned 16%.
The event-driven LAB index was by far the best performer in 2012, rising 11.22% (1.51% in December). The only other strategy in positive territory for the year was long/short, which ended the year up 4.06% after a 1.42% jump last month.
The losers were managed futures, down 7.95% in 2012 (up 1.64% in Dec.), merger arbitrage, down 2.36% (up 1.21% in Dec.), and global strategies, down 0.08% (up 0.91% in Dec.).
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.