Monday, 22 December 2014
Last updated 48 min ago
Apr 5 2013 | 11:45am ET
Hedge funds rose 0.62% last month, according to the Lyxor Hedge Fund Index.
The benchmark is up 2.36% on the year, far behind the broader markets: The Standard & Poor's 500 Index is up more than 10% in 2013.
Special situations funds did best in March, rising 2.09%. Equity long-bias funds returned an average of 1.41%, merger arbitrage funds 1.14%, long-term commodity trading advisers 1.02%, and convertible arbitrage and distressed funds 0.99% each.
Statistical arbitrage funds added 0.82% last month, equity variable bias 0.4% and market neutral 0.36%.
Credit arbitrage funds fell 0.51% in March. Global macro funds lost an average of 0.14%.
All told, 10 of the 14 strategies tracked by Lyxor Asset Management gained ground on the month.
"Despite the European political and economic turbulences in March, hedge fund managers continue to focus on the encouraging macro news flow generated in the US and the upward trend in risky assets is not expected to end soon," Lyxor AM's head of managed account platform research and external relations Stefan Keller said.
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.