Monday, 2 March 2015
Last updated 52 min ago
Jan 3 2014 | 3:08pm ET
Hedge funds closed out an extremely disappointing year this week, according to an industry replication index.
The Credit Suisse Liquid Alternative Beta Index returned just 7.35% in 2013, rising 0.48% last month. The Standard & Poor's 500 Index, by contrast, soared nearly 30%.
Even the strongest hedge fund strategy tracked by Credit Suisse couldn't come close to matching that; the Event Driven Liquid Index ended 2013 up just 10.88% after a 0.83% December return. It was the only LAB strategy to finish the year up by double digits.
Long/short funds rose an average of 7.88% (0.24% in December), managed futures funds 7.49% (1.01% in Dec.), merger arbitrage funds 6.95% (0.12% in Dec.) and global strategies 5.91% (0.41% in Dec.).
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…