Sunday, 21 December 2014
Last updated 1 day ago
Jun 5 2013 | 11:57am ET
Hedge funds were flat in May, continuing to miss out on the ongoing market rally, according to an industry replication index.
The Credit Suisse Liquid Alternative Beta Index neither gained nor lost ground last month, while the Standard & Poor's 500 Index rose a further 2% to reach 15.4% on the year. The Credit Suisse hedge fund benchmark is up just 3.3% in 2013.
Merger arbitrage was the best-performing strategy last month, rising 1.25% (5.5% year-to-date). Long/short added 0.48% (2.55% YTD) and event-driven 0.23% (4.59% YTD).
Managed futures fell 0.43% in May (up 5.43% YTD), while global strategies lost 0.21% (up 3.04% YTD).
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.