Saturday, 29 August 2015
Last updated 15 hours ago
May 17 2013 | 2:38pm ET
Hedge funds are off to a fairly good start this month amidst the continuing market rally.
Hedge Fund Research's HFRX Global Hedge Fund Index was up 1.16% through May 15. The benchmark is now up 4.98% on the year.
The Standard & Poor's 500 Index is up over 3% this month and over 16% on the year.
Still, hedge funds' gains were broad-based on the month, with only two strategies losing ground. The best-performing strategies were convertible arbitrage and fundamental value funds, which both added 2.51% (8.62% and 9.74% year-to-date, respectively). Event-driven hedge funds rose 1.81% (8.24% YTD), equity hedge funds 1.66% (7.49% YTD), special situations funds 1.63% (10.42% YTD), emerging markets and credit funds 1.42% (4.84% and 5.68% YTD, respectively) and distressed restructuring funds 1.16% (3.44% YTD).
On the losing side, equity market neutral funds fell 0.74% (up 0.28% YTD) and systematic diversified commodity-trading advisers 0.42% (down 1.31% 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…