Sunday, 28 December 2014
Last updated 1 hour ago
Dec 6 2007 | 10:07am ET
November was bad, but not as bad as it seemed from early indicators, according to Dow Jones. To be sure, five of six of the Dow Jones Hedge Fund Strategy Benchmarks were in the red last month, but none was down as much as predicted.
Distressed securities funds were the worst off, dropping 2.25% in November (but up 0.94% year-to-date), followed by equity long/short, which was down 2.04%. Still, the latter remained the top-performing strategy tracked by Dow Jones with a year-to-date return of 18.05%.
The other losers include merger arbitrage (-1.51% in November, +16.54% YTD), event-driven (-1.39%, +5.91% YTD) and convertible arbitrage (-0.75%, + 2.97% YTD).
The only strategy in positive ground last month was equity-market neutral, which added 0.34%. Still, it remains the worst-performing strategy in 2007, with a year-to-date return of just 0.61%.
Preliminary figures from earlier this week indicated that hedge funds could be down by almost 3% last month.
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.