Jun 30 2006 | 3:30pm ET
By Rajeev Baddepudi, Eurekahedge
Introduction North American hedge funds have actually turned in the best (or rather the least negative, at -0.6%) returns among all the regional sub-indices, in a month that saw all the regional indices in negative territory. Looking at the breakdown of these returns by strategy, it is clear that equity long/short (-1.9%) and macro (-1.6%) funds were the major contributors to the month's dip.
The magnitude of the pullback (the S&P 500 and NASDAQ returned -6.5% and -3.1% respectively), the risk aversion implied by heightened volatility, and the fact that small-cap stocks were hit worse than large caps (the returns of the Russell 2000 Value and Growth Indices were -4.14% and -7.04%, respectively), all seemed to have conspired against these two strategies in the North American markets.
Dec 5 2013 | 9:51am ET
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