Sunday, 21 December 2014
Last updated 1 day ago
Jun 19 2013 | 10:51am ET
Hedge funds took a hit in the first half of June, according to figures from Hedge Fund Research.
The HFRX Global Hedge Fund Index fell 0.95% through mid-June, cutting the benchmark's year-to-date gains to 3.55%. The losses were broadly felt, with only five of the 18 HFRX strategy and sub-strategy indices posting gains on the month.
The losers were led by systematic diversified commodity trading advisors, which fell 1.22% (down 2.88% year-to-date). Multi-region funds dropped 0.85% (up 3.92% YTD), distressed restructuring funds 0.84% (up 3% YTD), macro funds and CTAs 0.78% (down 1.19% YTD) and equity-market neutral funds 0.74% (up 0.28% YTD).
Multi-strategy funds shed 0.69% on the month (up 1.4% YTD), event-driven 0.67% (up 7.88% YTD), relative-value arbitrage 0.65% (up 2.25% YTD), emerging markets 0.63% (up 2.58% YTD), credit 0.51% (up 4.81% YTD), convertible arbitrage 0.11% (up 8.8% YTD) and special situations 0.11% (up 10.45% YTD).
Fundamental value funds were the biggest winners through mid-June, adding 2.51% (9.74% YTD). Equity hedge funds rose 1.66% (7.49% YTD), master-limited partnerships 0.59% (16.59% YTD), fundamental growth funds 0.54% (4.84% YTD) and merger arbitrage funds 0.01% (2.02% YTD).
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.