Tuesday, 22 July 2014
Last updated 2 hours ago
Aug 12 2013 | 12:49pm ET
Hedge funds rebounded in July after losing ground in June, according to the latest data from the Hennessee Group.
The Hennessee Hedge Fund Index rose 1.82% in July and is now up 6.91% year to date.
“Several managers were encouraged to see that $60 billion was redeemed from bond mutual funds in June, with most of it going to savings.” said Hennessee co-founder Charles Gradante, in a statement. “That money is building on the sidelines representing new future demand for equities.”
Equity long/short hedge funds gained 2.95% in July (11.22% YTD), arbitrage event-driven strategies were up 1.01% in July (5.82% YTD) and distressed funds were up 1.39% in July (8.31% YTD).
Merger arbitrage funds were up 1.66% in July (5.23% YTD) and convertible arbitrage funds were up 0.11% on the month (3.93% YTD).
Global/macro strategies added 0.66% in July (1.64% YTD). Emerging market funds rose 1.87% (3.42% YTD) and macro funds rose 0.34% on the month (but are down 1.73% 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…