Wednesday, 26 November 2014
Last updated 1 hour ago
Apr 19 2013 | 12:18pm ET
Hedge funds were essentially flat in the first half of April, with widely dispersed returns among strategies.
The HFRX Global Hedge Fund Index fell 0.09% through Tuesday, Hedge Fund Research said. The benchmark is up 3.04% on the year.
Convertible arbitrage funds turned in the best average return in early April, rising 1.44% (5.18% year-to-date). Merger arbitrage funds rose 0.94% (1.86% YTD), emerging markets funds 0.55% (1.59% YTD), relative-value arbitrage funds 0.39% (2.07% YTD), credit funds 0.33% (3.38% YTD) and equity market neutral funds 0.17% (0.72%).
Fundamental growth funds, by contrast, dropped 1.4% in the first two weeks of the month (up 2.33% YTD). The year's strongest performers, master-limited partnerships, dropped 1.11% but remain up 14.11% on the year. Equity hedge funds shed 0.69% (up 4.41% YTD), special situations funds 0.29% (up 7.05% YTD), event-driven funds 0.04% (up 5.28% YTD) and macro funds and commodity trading advisers 0.02% (up 0.02% YTD).
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…