Saturday, 23 August 2014
Last updated 1 day ago
Feb 11 2008 | 2:23pm ET
Hedge fund gave back a big chunk of their 2007 returns last month, one of their worst starts to a new year ever.
The average hedge fund fell 2.06% in January, according to Hedge Fund Research’s HFRX Global Hedge Fund Index. Last year, that index rose 4.23%.
Event-driven, equity hedge and relative value arbitrage fund were the biggest drags on the industry’s performance last month, falling 3.39%, 3.37% and 3.31%, respectively. But they had a lot of company, as the only strategy tracked by HFRX in the black in January was macro, which rose an impressive 3.82%—better than its full-year return of 3.19% last year.
Equity-market neutral funds declined by 2.75% last month. Distressed securities lost 1.4%, while merger and convertible arbitrage dropped 0.65% and 0.42%, respectively.
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