Monday, 15 September 2014
Last updated 6 hours ago
Mar 7 2013 | 9:09am ET
Hedge funds posted their fourth consecutive month of gains in February, adding 0.28%, according to eVestment.
Mortgage strategies posted the biggest returns, adding 1.32% on the month (up 3.36% on the year); followed by long/short equity, up 1.12% on the month (and 4.56% YTD); multi-strategy, up 0.87% on the month (and 2.83% YTD); and event-driven/distressed, up 0.75% in February (and 2.65% YTD).
Also in the black last month were market neutral equity strategies, up 0.64% (and 1.78% YTD); and relative-value credit, up 0.52% (and 1.75% YTD).
The only losing strategies in February were managed futures, down 1.49% (and down 0.09% YTD); and macro, down 0.01% (but up 0.97% YTD).
Purely systematic trading strategies were up 0.42% YTD in February compared to gains of 3.10% for discretionary strategies. eVestment says these numbers illustrate the difficulties facing systematic strategies “in markets where current prices are likely being influenced very differently by the array of factors than modeled in the past, perhaps a symptom of current global monetary policies.”
Emerging market fund returns were mostly positive, but a few large losses from China-focused funds put them, as a group, down 0.62% for the month (but up 2.28% YTD).
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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