Friday, 26 December 2014
Last updated 1 day ago
Mar 5 2013 | 11:17am ET
Did hedge funds win or lose in February? The early-reporting indices are split.
While the Credit Suisse Liquid Alternative Beta Index showed a small 0.16% decline for the average hedge fund last month, Hedge Fund Research's HFRX suite shows a much rosier picture. The average fund rose 0.43% in February, according to the HFRX Global Hedge Fund Index, and all strategies save macro were in the black as well.
The main HFRX index is up 2.4% on the year, trailing the Standard & Poor's 500 Index, which returned 1.4% last month and is up more than 6% on the year.
Master-limited partnerships paced hedge funds in February, adding 1.92%. The strategy is up an impressive 10.11% on the year already, after an 8.03% jump in January. Fundamental value funds also did well last month, adding 1.72% (4.85% year-to-date), while convertible arbitrage funds rose 1.45% (2.43% YTD).
Equity hedge funds rose 1.17% (3.84% YTD), special situations funds 1.06% (5.32% YTD), credit funds 0.66% (2.06% YTD), event-driven funds 0.45% (3.84% YTD), merger arbitrage funds 0.26% (0.52% YTD), emerging markets funds 0.24% (0.65% YTD), equity market-neutral funds 0.19% (0.57% YTD) and relative value arbitrage funds 0.09% (1.6% YTD).
Macro funds and commodity trading advisers, by contrast, fell 0.09% (up 0.01% YTD), with systematic diversified CTAs losing 0.51% (down 0.59% 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.