Saturday, 20 December 2014
Last updated 1 day ago
Oct 16 2013 | 10:12am ET
Hedge funds added 1.27% in September, fueled by an early-month stock-market rally that fizzled amid fears of the U.S. budget impasse.
The Credit Suisse Hedge Fund Index bounced back from a down August and is up 5.35% on the year. By contrast, the Standard & Poor's 500 Index is up almost 20% after adding more than 3% last month.
All strategies and substrategies tracked by Credit Suisse posted gains save for two, led by long/short equity funds, which rose 2.64% on the month (10.74% YTD). Event-driven multi-strategy funds returned 1.49% (10.11% YTD), event-driven funds 1.45% (10.17% YTD), multi-strategy funds 1.42% (6.62% YTD), distressed funds 1.38% (10.36% YTD), and emerging markets funds 1.28% (4.18% YTD).
Equity-market neutral rose 0.91% (3.93% YTD), global macro 0.84% (1.41% YTD), risk arbitrage 0.81% (3.79% YTD), fixed-income arbitrage 0.51% (2.47% YTD) and convertible arbitrage 0.24% (4.72% YTD).
The losing strategies were dedicated short bias, which plummeted a further 5.52% and is now down 21.92% on the year, and managed futures, which edged down 0.15% (down 7.39% YTD).
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.