Wednesday, 20 August 2014
Last updated 30 min ago
Feb 14 2013 | 12:54pm ET
Hedge funds advanced 2.69% in January, according to the Hennessee Hedge Fund Index.
“Hedge funds performed well in January, capturing a significant portion of the market upside,” said the Hennessee Group's Lee Hennessee. “Recent performance reflects a shift away from a market driven by macro news flow and towards a market driven by fundamentals. This shift should benefit hedge fund managers.”
Of the 22 Hennessee strategy indices reporting, only one—short-biased—lost ground in a month that saw the Standard & Poor's 500 Index rise by more than 5%. Short-biased funds lost an average of 3.22% on the month.
Asia-Pacific funds did best in January, jumping 5.32%. It was the only strategy, however, to top the S&P. Financial equities funds rose 4.59% on the month, Europe funds 4.44%, international funds 4.21%, macro funds 3.9%, value funds 3.79% and Latin America funds 3.72%.
Emerging markets funds added 2.93%, event-driven funds 1.79%, fixed-income funds 1.6%, convertible arbitrage funds 1.34%, market neutral funds 1.27%, distressed funds 1.21% and merger arbitrage funds 0.64%.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note