Monday, 28 July 2014
Last updated 10 hours ago
May 7 2008 | 2:00am ET
Most investable hedge funds posted gains last month, according to new figures from Hedge Fund Research.
Overall, investable funds returned 1.2% in April, cutting their year-to-date loss to 1.62%. Equity hedge and relative value arbitrage funds led the way, with the former rising 2.4% to halve its year-to-date decline (now 2.5%) and the latter gaining 1.55%, though it remains down 6.6% on the year.
Event-driven funds added 1.16% in April (down 2.13% YTD), while equity-market neutral funds returned 1.03% (up 1.06% YTD) and merger arbitrage funds rose 0.97% (up 1.21% YTD).
In the red column were distressed securities (down 0.88% in April and 3.16% YTD), convertible arbitrage (down 0.83% in April and 6.72% YTD) and macro (down 0.65% in April but up 8.58% on the year, the best of any strategy).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…