Wednesday, 30 July 2014
Last updated 13 hours 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).
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…