Thursday, 31 July 2014
Last updated 12 min ago
Jul 3 2013 | 2:36am ET
Hedge funds were hit by last month’s market volatility, falling more than 1%, according to an industry replication index.
The Credit Suisse Alternative Beta Index dropped 1.07% in June, cutting its year-to-date gains to 2.2%. The event-driven strategy weighed heavily on the benchmark, falling 1.8% on the month (up 2.71% year-to-date).
Long/short lost 1.55% in June (up 0.96% YTD) and merger arbitrage 0.91% (up 4.55% YTD). Global strategies shed 0.68% (up 2.34% YTD).
Of strategies tracked by the LAB indices, only managed futures managed a positive return in June, adding 0.69% (6.15% 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…