Tuesday, 2 June 2015
Last updated 13 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…