Wednesday, 20 August 2014
Last updated 49 min ago
Jan 8 2008 | 12:31pm ET
Emerging markets and energy sector hedge funds topped their peers in 2007, as hedge funds topped the broader markets, according to early estimates from HedgeFund.net.
The research firm’s equal-weighted HFN Hedge Fund Aggregate Average returned 10.86% last year, after a 0.89% rise in December. That’s below its 2006 return of 11.99%, but unlike that year, the industry bested the Standard & Poor’s 500 Index in 2007, with the latter returning 4.9% last year.
Emerging markets was the strongest subindex in 2007, returning 20.83% on the year after a 0.94% December return. Rounding out the medal stand are energy sector funds, which powered their way to a 17.53% return on the back of a 3.81% rise in December—the month’s best—and Asia hedge funds, which added 15.86% on the year after a 1.08% increase last month.
None of the strategies tracked by HFN finished the year in the red, but two were losers in December. Convertible arbitrage funds dropped 2.09% in the year’s final month, while event-driven funds lost 0.24%. Both strategies were among the worst performers of 2007, with the former returning just 2.88% on the year, and the latter 6.69%. Other weaker 2007 strategies were distressed (6.25% in 2007, 0.25% in December) and equity market-neutral (7.19%, 1.34% in December).
Among other strategies, CTA/managed futures funds were up 12.7% in 2007 (2.09% in December), macro funds returned 12.4% (1.66%), long/short equity 11.71% (0.68%) and global funds 10.64% (0.71%).
U.S. funds were up 10.64% (10.57%), and Europe funds 7.34% (0.74%).
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