Sunday, 21 December 2014
Last updated 10 hours ago
Aug 11 2014 | 6:20am ET
Last month was a difficult one for hedge funds, with the average industry player earning a rare win against the broader markets, but losing ground all the same.
The Greenwich Global Hedge Fund Index fell 0.33% on the month, Greenwich Alternative Investments said. That’s substantially less than the Standard & Poor’s 500 Index lost in July, but the hedge-fund benchmark remains behind the broad-market one with just a 2.74% return in 2014.
Event-driven funds suffered the most in July, falling 1.23% (up 3.35% year-to-date). Long/short credit funds dropped 0.65% (up 4.17% YTD), equity market neutral funds 0.55% (up 1.38% YTD), long/short equity funds 0.44% (up 3.3% YTD) and futures funds 0.43% (up 0.05% YTD).
Arbitrage funds gained ground last month, rising 1.3% (4.98% YTD), as did multi-strategy funds (up 0.38% in July, 3.33% YTD) and macro funds (0.07%, 1.29% 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.