Hedge Funds Rise In Early March

Mar 20 2013 | 12:12am ET

Hedge funds posted broad-based gains in the first half of March as stock markets rallied.

Hedge Fund Research's HFRX Global Hedge Fund Index rose 0.86% through March 14. The Standard & Poor's 500 Index is up over 3% during the same two weeks.

The HFRX index is now up 3.28% on the year.

Strategies across the hedge fund spectrum are enjoying gains, with only one tracked by the HFRX suite, equity market neutral, losing ground in early March, and it is down by only 0.07% (up 0.5% year-to-date). Master-limited partnerships are the strongest performer on the month so far, up 2%, and on the year, up an impressive 12.31%.

Fundamental growth funds were up 1.73% through Thursday (4.45% YTD), special situations funds 1.6% (7% YTD), fundamental value funds 1.4% (6.31% YTD), equity hedge funds 1.39% (5.29% YTD), event-driven funds 1.29% (5.18% YTD), convertible arbitrage funds 1.14% (3.59% YTD), emerging markets funds 1.1% (1.77% YTD) and North America funds 1% (4.25% YTD).

Credit funds added 0.78% (2.86% YTD), relative-value arbitrage funds 0.4% (2.01% YTD), macro funds and commodity trading advisers 0.26% (0.27% YTD) and merger arbitrage funds 0.05% (0.58% YTD).


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.