Monday, 30 November 2015
Last updated 2 days ago
Feb 18 2014 | 2:22pm ET
Equity long/short funds were largely to blame for hedge funds' 0.17% loss in January 2014, reports the data provider Preqin.
Although they outperformed the S&P 500, which was down over 3.5% on the month, equity long/short funds were down 0.28% in January. Long-bias funds shed 1.45%.
The best-performing strategy was relative value, thanks to strong gains by fixed-income arbitrage funds, up 1.60%; and relative-value arbitrage funds, up 1.43%
Macro strategies were down 0.15% in January and CTAs fell 1.08%.
In regional terms, Europe-focused funds were the best performers in January, returning 0.65%; followed by North America-focused funds, up 0.55%.
Emerging markets funds were down 2.27% and Asia Pacific-focused funds shed 0.51%.
UCITS funds were not impervious to the general trend last month, ending the period down 0.41%; thanks particularly to losses by long/short strategies (down 0.76%) and macros (down 0.12%).
Funds of hedge funds again underperformed compared to the overall hedge fund benchmark, with average returns of -0.57%.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…