Sunday, 21 December 2014
Last updated 1 day ago
Aug 16 2007 | 12:18pm ET
Hedge Fund Research’s HFRI Fund Weighted Composite Index posted positive returns for July in spite of the subprime mess and sinking equities markets.
The index added 0.45% on the month, and is up 7.95% year-to-date. Almost all subindices were within one percentage point of flat for the month.
The top performers were emerging markets (up 3.19% in July, 18.03% YTD) and macro (1.36%, 6.93% YTD). Equity hedge was also in the black (0.48%, 8.63% YTD).
Relative value arbitrage had the toughest month (down 0.81%, up 5.66% YTD). Other losers included merger arbitrage (down 0.56%, up 5.69% YTD), distressed securities (down 0.4%, up 6.68% YTD) and convertible arbitrage (down 0.21%, up 4.43% YTD). Event-driven was essentially flat (down 0.08%, up 8.32% YTD).
By contrast, the HFRI Fund of Funds Composite Index and its five subindices were all in positive ground on the month, though none exceeded 1%. The main FoF index was up 0.43% in July (8.32% 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.