Tuesday, 1 September 2015
Last updated 2 hours 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).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…