Wednesday, 24 December 2014
Last updated 13 hours ago
Jul 9 2013 | 11:05am ET
June was a tough month for hedge funds, according to Lyxor Asset Management.
The Lyxor Hedge Fund Index—and all of its strategy sub-indices—ended last month in the red. The overall benchmark dropped 1.63% on the month, cutting its 2013 gain to just 1.85%.
"The final month of the quarter has seen all strategies giving back performances, but this situation is unlikely to last, according to the managers we spoke to," Lyxor's Stefan Keller said. "From a top-down perspective, new opportunities and more mispricing have resulted from the current conditions, while bottom-up stock-pickers get ready to pick up the pieces during the upcoming Q2 earnings season."
Long-term commodity-trading advisers were the worst performers in June, dropped 2.64%. Equity market-neutral funds fell 2.45% and credit arbitrage funds 2.4%.
Special situations funds shed an average of 2.3%, short-term CTAs 2.1%, global macro 1.9%, distressed 1.8%, long bias 1.7%, variable bias 0.4% and merger arbitrage 0.1%.
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.