Wednesday, 1 October 2014
Last updated 3 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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