Wednesday, 17 December 2014
Last updated 9 hours ago
Mar 5 2013 | 10:12am ET
Hedge funds suffered a let-down in February, losing ground after a strong opening to the month.
The average hedge fund lost 0.16% last month, the Credit Suisse Liquid Alternative Beta Index shows. The decline increases the industry’s streak of trailing the Standard & Poor’s 500 Index, which rose 1.4% in February.
The LAB index is up 0.93% through the first two months of the year, after its 1.1% jump in January.
Event-driven funds were the best performers tracked by the LAB indices, rising 0.17% on the month (1.77% year-to-date). Managed futures funds gained an average of 0.11% (2.3% YTD).
The other three strategies tracked by Credit Suisse lost ground in February. Merger arbitrage funds fell 0.01% (up 2.3% YTD), global strategies 0.07% (up 1.38% YTD) and long/short funds 1.02% (down 1.96% YTD).
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.