Friday, 29 August 2014
Last updated 6 min ago
Jun 18 2013 | 10:29am ET
Hedge funds enjoyed broad gains in May, according to an industry index, although the average fund continues to badly lag the markets.
The Barclay Hedge Fund Index rose 1.06% last month, with 16 of its 18 strategies in the black. The benchmark is up 5.87% on the year—but the Standard & Poor's 500 Index is up over 15%.
Healthcare and biotechnology was the best-performing strategy in May, rising 3.11%. Equity long-bias funds added 2.64%, distressed securities 2.42%, technology 2.36% and convertible arbitrage 1.81%.
Equity short-bias funds fell a further 4.01% on the month and are now down an average of 17.14% on the year—the only BarclayHedge strategy in the red through May. Pacific Rim equities lost 0.91% on the month, burned by the recent swoon in Japanese shares.
Funds of hedge funds posted gains for the seventh-straight month, according to BarclayHedge, adding 0.67% (4.82% year-to-date).
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...