Tuesday, 22 July 2014
Last updated 1 hour ago
Oct 17 2007 | 8:10am ET
Hedge fund returns were strong in September, according to the latest figures from Hedge Fund Research.
The firm’s HFRI Fund Weighted Composite Index added 2.82% last month, and is up 14.8% year-to-date. Its Fund of Funds Composite Index rose 2.12% (8.09% YTD).
Emerging markets remain by far the best performing strategy in 2007. HFRI’s E.M. index rose 4.6% to reach 20.06% on the year. That’s better than twice the year-to-date return of the next-best strategy, equity hedge, which returned 3.27% in September and is up 9.87% year-to-date. Macro fund also enjoyed a strong month, rising 3.52% (7.98% YTD).
None of the strategies tracked by HFRI were in the red last month or year-to-date. Event-driven is up 1.88% in September (7.49% YTD), convertible arbitrage 1.64% (4.78% YTD), merger arbitrage 1.35% (7.21% YTD), relative value arbitrage 1.24% (6.42% YTD) and distressed securities 0.6% (5.38% YTD).
Meanwhile, preliminary figures from another indice show that September’s hedge fund rally boosted managers all around the world.
The Eureakahedge Hedge Fund Index rose 3.4% last month, while Asia ex-Japan funds enjoyed the best returns for the month, adding 6.1%. Japan funds, for their part, rose 1.1%.
North American hedge funds returned 3% on the month. European hedge funds were also up, but just by 0.3%.
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…