Sunday, 28 December 2014
Last updated 3 days ago
Feb 15 2008 | 1:04pm ET
Hedge funds may have weathered last month’s market turbulence better than most, but most still suffered in the first month of the New Year.
Overall, the Credit Suisse/Tremont Hedge Fund Index shed 1.48% last month. Last year’s darling, emerging markets, took it on the chin, though long/short equity was by far the most down in the dumps in January. The former fell 2.67%, while the latter was down 4.05%.
Event-driven funds were also awash in red, dropping 2.44%. Particularly hard-hit were event-driven multi-strategy funds, which lost 2.94% on the month.
Multi-strategy and convertible arbitrage funds were also losers, dropping 1.81% and 0.53%, respectively.
But, as Credit Suisse Index Co. President Oliver Schupp notes, there is a silver lining. “Despite this turbulent market environment, five out of ten hedge fund sectors ended January on a positive note.”
Unsurprisingly, none was more positive than dedicated short-bias, which added 5.68%. Global macro and managed futures funds also enjoyed big gains, rising 4.44% and 4.13%, respectively. Equity-market neutral and fixed-income arbitrage returned 0.69% and 0.28%, respectively.
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.