Friday, 22 August 2014
Last updated 1 hour ago
Jun 10 2013 | 9:30am ET
Hedge funds posted modest gains last month, as stocks continued to soar.
The Lyxor Hedge Fund Index rose 0.33% in May, far behind the Standard & Poor's 500 Index's jump of about 2%. The hedge fund benchmark is up just 3.53%, compared to the S&P500's roughly 16%.
"The economic data strengthened significantly starting with the U.S. April nonfarm payrolls report in the beginning of May," Lyxor wrote. "Risk assets generally rallied in May but the bigger theme was the sharp rotation out of defensive sectors and assets into those with a more cyclical tilt."
Special-situations funds did best in May, rising 3.05%. Long-bias funds rode the market rally to a 1.66% return on the month, while merger arbitrage funds added 1.53%.
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