Wednesday, 17 December 2014
Last updated 8 hours ago
Jan 8 2014 | 10:44am ET
Hedge funds rose just 0.1% to close out a very disappointing 2013, according to an industry index.
The Bloomberg Hedge Funds Aggregate Index returned 7.4% last year—while the Standard & Poor's 500 Index soared 30%. It is the benchmark's fifth-straight year trailing the broad-market index.
Last year's gap between the Bloomberg index and the S&P is the largest since 2005.
Long/short equity funds returned 11% in 2013, according to Bloomberg, following a 1.1% December bump. Multi-strategy funds ended the year up 6.8% after returning 0.9% last month, but macro funds lost 2.2% on the year in spite of a 0.9% jump in December.
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.