Saturday, 27 December 2014
Last updated 3 days ago
Jul 11 2013 | 11:47am ET
Hedge funds bested the broader markets in June, but at the cost of the industry's first losing month of the year.
The average hedge fund dropped 1.3% last month, according to the Hennessee Hedge Fund Index. The Standard & Poor's 500 Index fell 1.5% in June.
"Hedge funds posted their first monthly loss of the year in June," Hennessee Group co-founder Charles Gradante said. "While June saw the return of a 'risk-on, risk-off' trading environment, many managers maintained portfolio exposures, viewing the correction as technical in nature and not reflective of a change in underlying fundamentals."
"We are likely to see the beginning of a reversal in the long S&P 500 and short emerging markets trade," he continued. "Global and macro managers are likely to go long emerging markets and short the S&P 500."
Equity long/short hedge funds lost 0.75% on the month.
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.