Saturday, 27 December 2014
Last updated 2 days 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.
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.