Saturday, 25 October 2014
Last updated 1 day ago
Feb 21 2013 | 1:56pm ET
Hedge funds were up 0.53% through mid-February, according to the HFRX Global Hedge Fund Index.
All but two strategies tracked by the data provider were in the black mid-month. The two exceptions were distressed restructuring funds, down 0.13% and systematic diversified CTAs, down 0.03%.
The winners were MLP strategies, up 2.02% mid-February; fundamental value strategies, up 1.48%; and special situations strategies, up 1.18%.
Also returning at least 1% were equity hedge funds, up 1.09%.
Market directional funds had returned 0.84% mid-month, event-driven funds 0.61%, convertible arbitrage funds returned 0.60%, fundamental growth funds returned 0.50%, equal-weighted strategies returned 0.43% equity market neutral funds returned 0.35%, fixed-income credit funds returned 0.33%, merger arbitrage and absolute return funds returned 0.24%, and macro/CTA strategies were flat at 0.08%.
Year to date, the best performers are special situations funds, up 5.45%; fundamental value funds, up 4.60%; event-driven funds, up 4.01%; and equity hedge funds, up 3.77%.
In regional terms, North American funds had added 0.63% and emerging markets 0.26% by mid-month. Multi-region funds were up 0.21%.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.