Saturday, 23 August 2014
Last updated 16 hours ago
Sep 10 2013 | 8:15am ET
The HFRI Fund Weighted Composite index declined 0.70% in August, with mixed performance across various hedge fund strategies, bringing year-to-date gains to 3.87%.
Event-driven funds, overall, were down 0.04% on the month (up 6.88% YTD). Within that category, credit arbitrage funds added 0.8% on the month and distressed funds added 0.08%. In the red were merger arbitrage and special situations funds, down 0.11% and 0.24%, respectively.
Relative value arbitrage funds were down 0.46% on the month, dragged down by yield alternatives funds, which lost 1.76% on the month (but are up 10.10% YTD) and multi-strategy funds, down 0.54% on the month (up 4.11% YTD). Fixed-income convertible arbitrage funds added 0.22% (5.34% YTD), fixed-income asset backed added 0.15% (5.14% YTD) and fixed-income corporate funds added 0.05% (2.30% YTD).
Equity hedge funds were down 0.69% in August (but up 6.72% YTD). Within this category, market neutral funds were down 0.40% (up 3.49% YTD) and quantitative directional funds were down 0.72% (up 4.83% YTD). On the other hand, energy/basic materials funds were up 0.26% (down 2.20% YTD), technology/healthcare funds were up 0.29% (12.54% YTD) and short bias funds were up 0.58% (down 11.71% YTD).
Macro funds were down 1.20% in August (down 2.28% YTD).
Emerging markets funds were down 0.77% in August (down 0.39% YTD), with Latin American funds reporting the biggest losses (1.29%) on the month, followed by global funds (down 1.27%) and Russia/Eastern Europe funds (down 0.85%). Asia ex-Japan funds were up 0.02% (1.25% YTD).
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note