Thursday, 25 December 2014
Last updated 1 day ago
Feb 4 2014 | 12:35pm ET
Hedge funds fell to open 2014—but not as much as the broader markets.
The average hedge fund shed 0.24% in January, according to Hedge Fund Research's HFRX Global Hedge Fund Index. But the benchmark managed something it rarely accomplished last year: besting the Standard & Poor's 500 Index, which fell more than 3% last month.
Despite the overall decline, most strategies tracked by the HFRX suite were in the black in January, led by master-limited partnerships—last year's best-performing strategy at 26.35%—which returned 1.58%. Distressed restructuring funds gained 1.08%, equity-market neutral funds 0.72%, convertible arbitrage funds 0.64%, credit funds 0.6%, event-driven funds 0.39%, fundamental growth funds 0.36%, systematic diversified commodity trading advisers 0.2%, special situations funds 0.17% and merger arbitrage funds 0.09%.
Fundamental value funds were hardest hit last month, falling 1.73%. Equity hedge funds shed 1.01%, emerging markets funds 0.87%, multi-strategy funds 0.38%, relative-value arbitrage funds 0.2% and macro funds and CTAs 0.07%.
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.