Thursday, 31 July 2014
Last updated 10 hours 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).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…