Wednesday, 20 August 2014
Last updated 1 hour 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 4 2014 | 7:42am ET
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The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note