Wednesday, 23 July 2014
Last updated 1 hour ago
Aug 8 2013 | 12:17pm ET
Hedge funds posted gains last month, bouncing back from June's losses but badly trailing the broader markets.
The average hedge fund returned 1.15% in July, according to the Greenwich Global Hedge Fund Index. By comparison, the Standard & Poor's 500 Index rose more than 5% on the month.
The Greenwich index is up 4.22% on the year; the S&P 500 is up nearly 20%.
Most strategies tracked by Greenwich Alternative Investments posted gains in July, led by long/short equity funds, which rose an average of 2.1% (7.08% year-to-date). Multi-strategy funds added 1.19% (3.26% YTD), event-driven funds 1.14% (7.21% YTD), arbitrage funds 0.83% (4.13% YTD), macro funds 0.79% (3.03% YTD) and equity-market neutral funds 0.71% (2.45% YTD).
Long/short credit funds fell 0.48% on the month (up 1.4% YTD), while futures funds shed 0.26% (down 2.13% 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…