Wednesday, 1 October 2014
Last updated 1 hour 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.
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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