Thursday, 18 December 2014
Last updated 28 min ago
Jun 11 2013 | 9:48am ET
Hedge funds chalked up a seventh consecutive month of positive performance in May, adding 0.20% on average, according to the Eurekahedge Hedge Fund Index.
Distressed debt funds led the way, gaining 1.87% on the month, bringing their year-to-date gains to 9.34%. They were followed by long/short equities funds, up 1.46% on the month (6.99% YTD); event-driven funds, up 1.22% on the month (5.01% YTD); multi-strategy funds, up 0.31% on the month (3.32% YTD); and fixed-income funds, up 0.14% on the month (3.22% YTD).
The biggest losers for the month were CTA/managed futures, down 1.69% (and down 0.19% YTD); macro hedge funds, down 0.90% (but up 1.26% YTD); arbitrage funds, down 0.29% (but up 3.03% YTD); and relative value funds, down 0.08% (but up 3.47% YTD).
In regional terms, Japan funds continued their gains, adding 0.42% in May (and 18.34% YTD). Asia ex-Japan funds added 2.35% in May (and 7.61% YTD); North American funds, were up 1.06% on the month (4.46% YTD); European funds, up 0.83% on the month (3.21% YTD); emerging markets up 0.60% on the month (3.66% YTD).
Eastern Europe and Russia funds shed 1.51% in May (and are down 3.99% YTD) and Latin American funds shed 0.34% (but are up 1.14% YTD).
Total asset flows for 2013 stand at US$50 billion and the total industry is now US$1.87 trillion.
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.