Wednesday, 5 August 2015
Last updated 12 hours ago
Nov 5 2013 | 8:13am ET
Hedge funds posted across-the-board, if underwhelming, gains in October, according to an industry benchmark.
Hedge Fund Research's HFRX Global Hedge Fund Index rose 1.2% last month and is up 5.54% on the year. By contrast, the Standard & Poor's 500 Index added about 4.75% in October and is up over 20% on the year.
Each of the 16 strategy and substrategy indices in the HFRX suite were in the black last month, led by master-limited partnerships, which returned 2.31% (20.77% year-to-date). Special situations funds added 2.25% (16.76% YTD), fundamental value funds 2.14% (13.06% YTD), equity hedge funds 1.92% (8.72% YTD), event-driven funds 1.8% (12.87% YTD) and fundamental growth funds 1.64% (2.4% YTD).
Equity-market neutral funds enjoyed an average 1.39% return (0.91% YTD), distressed restructuring funds 0.69% (5.4% YTD), systematic diversified commodity-trading advisers 0.66% (down 3.39% YTD), macro funds and CTAs 0.64% (down 2.06% YTD), credit funds 0.64% (6.36% YTD), merger arbitrage funds 0.5% (3.36% YTD), emerging markets funds 0.36% (1.13% YTD), relative-value arbitrage funds 0.34% (2.07% YTD), convertible arbitrage funds 0.33% (10% YTD) and multi-strategy funds 0.28% (0.45% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…