Wednesday, 20 August 2014
Last updated 55 min ago
Jul 9 2013 | 12:25pm ET
Hedge funds fell across the board last month, data from Hedge Fund Research shows.
The HFRX Global Hedge Fund Index fell 1.33% in June, leaving it up 3.16% on the year. In addition, all but one of the 16 strategies and substrategies tracked by the suite tumbled on the month, as well.
Fundamental growth funds were hardest hit, dropping 4.72% in June (down 2.05% year-to-date). Equity hedge funds fell 1.89% (up 4.59% YTD), multi-strategy relative-value funds 1.7% (up 0.37% YTD), relative-value arbitrage funds 1.46% (up 1.41% YTD), distressed restructuring funds 1.3% (up 2.53% YTD) and event-driven funds 1.14% (up 7.37% YTD).
Special situations fell 0.97% in June (up 9.5% YTD), systematic diversified commodity-trading advisers 0.9% (down 2.57% YTD), emerging markets 0.82% (up 2.38% YTD), credit 0.74% (up 4.57% YTD), macro and CTAs 0.66% (down 1.07% YTD), equity-market neutral 0.63% (up 0.6% YTD), fundamental value 0.57% (up 8.68% YTD), convertible arbitrage 0.46% (up 8.42% YTD) and merger arbitrage 0.21% (up 1.79% YTD).
Only master-limited partnerships gained ground last month, adding 2.46% (18.72% YTD).
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note