Wednesday, 23 July 2014
Last updated 7 hours ago
Sep 9 2013 | 11:25am ET
Whatever strategy they pursue, hedge funds struggled through a difficult August.
All eight strategies tracked by Greenwich Alternative Investments lost ground last month, with the benchmark Greenwich Global Hedge Fund Index shedding 0.75%. The result did, at least, give the index a rare win over the Standard & Poor's 500 Index, which lost 2.9% on the month.
For the year, however, the Greenwich index remains far behind the broader markets, up just 3.49% to the S&P500's 16.16%.
Arbitrage funds were hardest-hit in August, falling an average of 1.17% (up 2.73% year-to-date). Futures funds dropped 0.99% (down 3.46% YTD), macro funds 0.96% (up 1.61% YTD), equity-market neutral funds 0.92% (up 1.12% YTD) and long/short equity funds 0.83% (up 6.43% YTD).
Event-driven funds, the year's best performing strategy with a 7.31% return, managed a more modest decline in August, falling 0.41%. Multi-strategy funds shed 0.22% (up 2.58% YTD) and long/short credit funds inched down 0.01% (up 2.29% 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…