Saturday, 20 December 2014
Last updated 12 hours ago
Dec 3 2013 | 1:34pm ET
Hedge funds are lurching to the 2013 finish line, putting up another month of sub-Standard & Poor's 500 Index returns, according to an industry replication benchmark.
IndexIQ's IQ Hedge Composite Beta Index rose just 0.58% last month, while the S&P 500 added a further 2.8%. For the year, the hedge fund replication vehicle is up 3.22%—against the S&P 500's 26.6%.
None of the IQ Hedge indices bested the broader markets last month. The strongest performer was long/short, which rose 1.82% (9.18% year-to-date). Event-driven added 1.23% (6.31% YTD). Global macro rose 0.47% (down 0.66% YTD), market neutral 0.21% (3.21% YTD) and fixed-income arbitrage 0.07% (5.26% YTD). Emerging markets lost further ground in November, falling 0.31%. That strategy is now down 3.69% on the year.
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.