Friday, 25 July 2014
Last updated 6 hours ago
Jun 5 2014 | 11:04am ET
While the stock market continues to set records, hedge funds continue to fall behind, according to a set of industry replication indices.
The average hedge fund rose 0.61% in May, the Credit Suisse Liquid Alternative Beta Index shows. The Standard & Poor’s 500 Index gained 2.1% on the month.
Year-to-date, the gap is just as striking, with the S&P up over 4% and the LAB index up just 1.6%.
Long/short was the best-performing strategy tracked by the LAB suite in May, rising 1.81% (2.82% YTD). Global strategies added 0.57% (0.88% YTD) and managed futures 0.47% (down 4.4% YTD).
Merger arbitrage took a big hit in May, falling 1.55% (down 2.48% YTD). Event-driven dipped 0.15% on the month (up 2.48% YTD).
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…