Friday, 19 December 2014
Last updated 45 min 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).
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.