Thursday, 21 August 2014
Last updated 9 hours 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.
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