Wednesday, 22 October 2014
Last updated 1 min 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).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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