Monday, 28 July 2014
Last updated 2 days ago
Jun 7 2013 | 10:37am ET
Long/short equity funds rose 2.13% in May, the best performance of the month, putting them up 7.89% year to date.
Hedge funds added 0.7% on average in May, according to the latest data from eVestment, putting them up 4.6% year to date.
Following long/short equity funds were event-driven/distressed strategies, up 1.67% on the month; macro strategies, up 1.57%; market neutral equity up 1.49%; and convertible arbitrage, up 1.40%. Other strategies ending the month in the black were directional credit, up 0.72% and multi-strategy, up 0.30%.
Two strategies lost ground in May: relative value credit funds shed 0.12% and managed futures funds shed 2.12%.
Managed futures is the worst performing strategy YTD, down 1.21% (the only strategy to end the first five months of 2013 in the red).
In regional terms, Japan funds rose only 0.50% in May, after shooting up almost 20% in the first five months. China funds were the best performing emerging market funds in May adding 4.70%, and are up 10.82% YTD.
Updated investor flow figures for April show event-driven strategies had the strongest inflows ($2.89 billion) while managed futures funds recorded the steepest losses ($4.45 billion).
Total hedge fund assets as of end-April were $2.694 trillion.
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…