Wednesday, 30 July 2014
Last updated 14 hours 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%.
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…