Friday, 22 August 2014
Last updated 9 hours ago
Sep 18 2007 | 2:21pm ET
Emerging markets has been the top-performing strategy among hedge funds this year, and an awful August hasn’t changed that.
The strategy took the biggest tumble among Hedge Fund Research’s HFRI Indices, dropping 2.52% on the month. But it’s still far and away the best strategy year-to-date; at 15.02%, its return is more than twice the next-best strategy.
Overall, the HFRI Fund Weighted Composite Index fell 1.32% (up 6.17% YTD), with just one strategy subindex in positive ground: merger arbitrage, which was essentially flat with a 0.07% return (5.66% YTD). Other big losers include macro (down 1.99% in August, up 4.35% YTD) and equity hedge (down 1.63%, up 6.56% YTD).
Funds of funds fared no better than their constituent parts. The HFRI Fund of Funds Composite Index dropped 2.01% (up 6.02% YTD). Market defensive (down 2.51% in August, up 3.18% YTD) and strategic (down 2.25%, up 7.25% YTD) funds of funds were the hardest hit.
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