Tuesday, 16 September 2014
Last updated 43 min ago
Apr 15 2013 | 11:32am ET
Hedge funds returned 1.21% last month to end the first quarter up 3.55%, lagging badly behind the broader markets.
The Dow Jones Credit Suisse Hedge Fund Index is up only one-third as much as the Standard & Poor's 500 Index this year; the broad-market benchmark has added more than 10% in 2013's first three months.
Distressed hedge funds posted the strongest March, up 2.18% (4.99% year-to-date). Event-driven funds added 2.11% (4.78% YTD) and event-driven multi-strategy funds 2.08% (4.71% YTD). Managed futures funds rose 1.74% on the month (3.66% YTD), long/short equity funds 1.38% (5.1% YTD), global macro funds 0.97% (1.216% YTD), convertible arbitrage funds 0.72% (2.68% YTD), multi-strategy funds 0.62% (3.1% YTD), fixed-income arbitrage funds 0.61% (2.17% YTD), emerging markets funds 0.55% (4.53% YTD), risk arbitrage funds 0.39% (0.3% YTD) and equity market neutral funds 0.05% (0.73% YTD).
Of the strategies tracked by Dow Jones, only short bias funds lost ground last month, falling 1.91% (down 8.56% 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…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?