Friday, 30 January 2015
Last updated 45 min ago
Feb 4 2013 | 4:00pm ET
Hedge funds spent all of last year trailing the broader markets, and have opened the new year doing the same.
The Credit Suisse Liquid Alternative Beta Index rose 1.1% in January. But the Standard & Poor's 500 Index added 5.1%, continuing the story of 2012, when the LAB index rose just 3.22% to the S&P500's 16%.
Merger arbitrage funds were tops last month with a 2.31% return, followed by managed futures funds, which were beaten down in 2012 but added 2.19% in January. Event-driven funds rose an average of 1.6% and global strategies 1.45%.
Long/short funds actually lost ground on average, according to the LAB indices, falling 0.94%.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…