Friday, 25 July 2014
Last updated 3 hours 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%.
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…