Hedge Funds Fall Slightly In July

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).


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note