Wednesday, 30 July 2014
Last updated 2 hours ago
Dec 17 2013 | 12:08pm ET
Hedge funds again failed to match the return of the broader markets in November, rising 1.31% on the month, according to Credit Suisse.
The Credit Suisse Hedge Fund Index rise last month compares unfavorably with the Standard & Poor's 500 Index, which rose 2.8% in November and which is up 26% on the year. By contrast, the Credit Suisse index is up 8.43% in 2013, with just one month to go.
Equity market neutral funds did best in November, with a 2.59% average return (7.87% year-to-date). One of the year's hardest-hit strategies, managed futures, followed at 2.09% (down 2.66% YTD).
Long/short equity funds added 1.85% (15.65% YTD), event-driven multi-strategy funds 1.74% (13.62% YTD), event-driven funds 1.68% (13.64% YTD), distressed funds 1.55% (13.79% YTD), emerging markets funds 1.08% (7.44% YTD), global macro funds 1.03% (3.59% YTD), multi-strategy funds 0.86% (9.44% YTD), fixed-income arbitrage funds 0.5% (3.61% YTD) and risk arbitrage funds 0.1% (4.48% YTD).
Dedicated short-bias funds continued to rack up the losses in November, falling 1.49% (down 24.36% YTD). Convertible arbitrage funds also lost ground, dropped 0.2% (up 5.47% YTD).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…