Friday, 19 December 2014
Last updated 9 hours ago
Mar 18 2014 | 12:47pm ET
Hedge funds warmed up in February, even if the weather did not.
The Barclay Hedge Fund Index rose 2% last month, erasing its January loss and leaving it up 1.59% on the year. The rally was led by healthcare and biotechnology funds, which rose 5.01% in February and are up 11.19% on the year.
“Improving investor sentiment fuelled by robust M&A activity and strong corporate earnings helped most global equity markets rebound in February, with the exception of China, Japan and Russia,” BarclayHedge founder Sol Waksman said.
Technology funds added 3.24% in February, distressed securities funds 3.04%, event-driven funds 2.91%, equity long-bias funds 2.91% and European equities funds 2.59%. Funds of hedge funds rose 1.66% on the month and are up 1.4% on the year.
With stocks rising—the Standard & Poor’s 500 Index jumped more than 4% in February—short-bias funds took a commensurate hit, dropping 3.87%. Global macro funds shed 0.3% on the month.
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.