Sunday, 21 December 2014
Last updated 1 day ago
Jul 5 2013 | 9:42am ET
For the first time in what seems like ages, the average hedge fund outperformed the broader markets last month.
Unfortunately, it was still a losing month, with the Greenwich Global Hedge Fund Index falling 1.15%, based on preliminary estimates. The Standard & Poor's 500 Index fell 1.34% in June.
On the year, the Greenwich index is up 3.54%.
June's losses were widely spread, with only two of Greenwich Alternative Investments' strategy indices in the black: Event-driven funds added 0.58% last month (7.74% year-to-date) and equity market-neutral 0.03% (1.89% YTD). Long/short credit funds took the biggest hit, dropping 2.65% (up 0.79% YTD), followed by multi-strategy funds (down 2.09% in June, up 1.6% YTD), long/short equity funds (down 1.57%, up 5.44% YTD) and futures funds (down 1.06%, down 1.35% YTD).
Arbitrage funds lost an average of 0.3% in June (up 3.86% YTD) and macro funds 0.17% (up 3.43% 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.