Wednesday, 20 August 2014
Last updated 9 hours ago
Jun 17 2014 | 3:30pm ET
Hedge funds rose 1.13% last month, more than doubling their year-to-date gains but still leaving them far behind the broader markets.
The Credit Suisse Hedge Fund Index is up 1.86% on the year after May’s gain, less than half the more than 4% return of the Standard & Poor’s 500 Index.
Managed futures funds did best in May, rising 3.09% to cut their average year-to-date loss to 0.92%. Long/short equity funds rose 1.51% (2.05% YTD), distressed funds 1.45% (4.95% YTD), emerging markets funds 1.35% (down 1.27% YTD), event-driven funds 1.07% (4.02% YTD) and global macro funds 1.02% (0.41% YTD).
Multi-strategy funds rose 0.89% (2.43% YTD), risk arbitrage funds 0.56% (1.85% YTD) and fixed-income arbitrage funds 0.45% (2.99% YTD).
Only three strategies lost ground in May: Short-bias funds shed 1.1% (down 1.65% YTD), convertible arbitrage funds fell 0.52% (up 2.27% YTD) and equity market neutral funds edged down 0.27% (down 1.22% YTD).
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note