Waiting For The Santa Rally: Hedge Funds Fall In Early Dec.

Dec 19 2013 | 2:42am ET

Stocks were down in the first two weeks of December—and so were hedge funds.

The average hedge fund fell 0.48% through Dec. 16, according to Hedge Fund Research's HFRX Global Hedge Fund Index. That cut the benchmark's year-to-date gain to 5.61%, compared to better than 25% for the Standard & Poor's 500 Index.

Just two of the 18 strategies tracked by the HFRX suite gained ground in early December: equity market neutral funds, which returned an average of 0.7% (2.26% year-to-date), and merger arbitrage funds, which added 0.34% (3.92% YTD).

The red side of the ledger was headlined by the year's best performers, master-limited partnerships, which dropped an average of 1.54% to cut their year-to-date gains to 20.16%. Fundamental growth funds shed 1.23% over the two weeks (up 1.66% YTD), emerging markets funds 1.09% (down 0.96% YTD), systematic diversified commodity trading advisors 0.9% (down 2.73% YTD), special situations funds 0.86% (16.71% YTD), convertible arbitrage funds 0.7% (up 8.44% YTD), macro funds and CTAs 0.64% (down 2.37% YTD), event-driven funds 0.63% (up 12.84% YTD), equity hedge funds 0.48% (up 9.24% YTD), multi-strategy funds 0.33% (up 0.34% YTD), credit funds 0.3% (up 6.07% YTD), fundamental value funds 0.22% (up 14.2% YTD), relative-value arbitrage funds 0.22% (up 2.12% YTD) and distressed restructuring funds 0.06% (up 5.33% YTD).


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note