Wednesday, 23 July 2014
Last updated 10 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).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…