Tuesday, 22 July 2014
Last updated 3 hours ago
May 6 2013 | 1:40pm ET
Hedge funds continue to lag as stocks continue to surge, according to an industry index.
Hedge Fund Research's HFRX Global Hedge Fund Index rose 0.62% in April, a month that saw the Standard & Poor's 500 Index add a further 1.81% to its double-digit returns for the year. By contrast, the HFRX benchmark is up only 3.77% in the first third of 2013.
Emerging markets funds did best in April, rising 2.32% (3.38% year-to-date). Convertible arbitrage funds returned 2.2% (5.97% YTD), special situations funds 1.2% (8.65% YTD) and credit funds 1.12% (4.2% YTD). Master-limited partnerships rose an average of 0.51% on the month to hit 15.98% on the year, by far the best return of any strategy tracked by HFR.
Event-driven funds added 0.95% (6.32% YTD), merger arbitrage funds 0.85% (2.26% YTD), equity hedge funds 0.56% (5.73% YTD), macro funds and commodity trading advisers 0.5% (0.54% YTD), equity-market neutral funds 0.47% (1.02% YTD) and relative-value arbitrage funds 0.47% (2.16% YTD).
Only systematic diversified CTAs lost ground, on average, in April, falling 0.05% (down 0.89% 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…