Sunday, 21 December 2014
Last updated 1 day ago
Apr 16 2013 | 1:15pm ET
Hedge funds rose last month amidst a market rally that left the Standard & Poor's 500 Index up more than 10% in the first quarter, according to data from Hedge Fund Research.
The HFRX Aggregate Index wasn't quite so lucky, closing out the first quarter up 3.27% after a 0.86% rise in March. Master-limited partnerships continued to lead the way, rising 4.8% on the month and 15.39% on the year. Technology and healthcare funds rose an average of 3.49% on the month (6.46% year-to-date), energy infrastructure funds 2.79% (9.08% YTD), yield alternative funds 2.48% (6.37% YTD), real estate funds 2.15% (3.67% YTD) and activist funds 2.1% (4.85% YTD).
Event-driven funds added 1.42% on the month (5.32% YTD), equity hedge funds 1.24% (5.14% YTD), convertible arbitrage funds 1.23% (3.69% YTD), quantitative direction funds 1.06% (2.88% YTD), credit funds 0.97% (3.05% YTD), merger arbitrage funds 0.38% (0.91% YTD), relative value arbitrage funds 0.07% (1.68% YTD), and macro funds and commodity trading advisers 0.03% (0.04% YTD).
March losers included short-bias funds (down 0.93% on the month, down 2.65% YTD), currency funds (down 0.82%, up 0.14% YTD), energy funds (down 0.51%, down 1.51% YTD), commodity funds (down 0.33%, up 0.84% YTD), systematic diversified CTAs (down 0.25%, down 0.84% YTD) and equity market-neutral funds (down 0.02%, up 0.55% YTD).
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.