Thursday, 21 August 2014
Last updated 8 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).
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note