Monday, 29 December 2014
Last updated 1 hour ago
Mar 19 2014 | 10:22am ET
Hedge funds’ February rebound has proven short-lived.
Most hedge fund strategies suffered losses in the first half of March, with the average hedge fund dropping 0.48% through March 17, according to Hedge Fund Research. The decline leaves the HFRX Global Hedge Fund Index up 0.86% through the first 10 weeks of the year. By contrast, the Standard & Poor’s 500 Index is up for both the month and the year.
Emerging markets funds were hit the hardest, likely due to concerns about the Russo-Ukrainian conflict in the Crimea. The HFRX Emerging Markets Composite Index fell 1.49% in the first half of March and is down 1.56% on the year. Systematic diversified commodity trading advisers also suffered, dropped 1.39% (down 2.6% year-to-date).
Macro funds and CTAs shed 0.8% in the first two weeks of the month (up 0.66% YTD), convertible arbitrage funds 0.76% (up 1.38% YTD), fundamental growth funds 0.63% (3.88% YTD), special situations funds 0.53% (2.62% YTD), relative value arbitrage funds 0.46% (up 0.66% YTD), equity hedge funds 0.39% (up 1.23% YTD), multi-strategy funds 0.39% (up 0.5% YTD), event-driven funds 0.35% (up 2.59% YTD), fundamental value funds 0.32% (up 0.14% YTD), credit funds 0.18% (up 1.79% YTD), equity market neutral funds 0.13% (up 1.32% YTD) and North America funds 0.04% (up 1.01% YTD).
Master-limited partnerships remained the best-performing strategy of early 2014, rising 1.76% through March 17 (4.63% YTD). Distressed restructuring funds added 0.14% on the month (2.83% YTD), merger arbitrage funds 0.04% (0.2% YTD) and multi-region funds 0.02% (2.42% YTD).
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.