Monday, 28 July 2014
Last updated 2 days 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).
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…