Hedge Funds Up 1.45% In Early Jan.

Jan 23 2013 | 11:12am ET

Hedge funds are off to a strong start in 2013, although, as throughout last year, they still trail the broader markets.

Hedge Fund Research's HFRX Global Hedge Fund Index rose 1.45% through Jan. 17. The benchmark, which is lagging the Standard & Poor's 500 Index, was up 3.51% last year.

Most of the suite's strategy benchmarks were up in the first half of the month. Master-limited partnerships were up 4.57% in the early going, followed by special situations at 2.64%, fundamental value at 2.21% and event-driven at 2.2%.

Equity hedge funds were up 1.82%, relative-value arbitrage funds 1.55%, credit funds 1.16%, convertible arbitrage funds 0.82%, merger arbitrage funds 0.39% and macro funds and commodity trading advisers 0.03%.

Two strategies lost ground: systematic diversified CTAs, down 0.33%, and equity market neutral, down 0.27%.


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.