Thursday, 18 December 2014
Last updated 6 hours ago
Jun 6 2008 | 10:45am ET
Hedge funds posted a strong May, besting the Standard & Poor’s 500 with a 1.44% return.
Hedge Fund Research’s HFRX Global Hedge Fund Index is now down just 0.2% on the year. The S&P 500 is down 3.8% after rising 1.3% last month.
Equity hedge was the best-performing strategy, returning 2.39% in May, though it remains down 0.17% year-to-date. Convertible arbitrage added 1.83% (it remains one of the worst-performing strategies of 2008, down 5.01% YTD) and macro 1.77%. The latter is the top strategy of the first five months of the year, with a 10.51% return.
Only one of the eight HFRX strategies was in negative ground in May: Distressed securities finished the month marginally lower with a 0.12% decline (down 3.28% YTD). The year’s worst-performing strategy, relative value arbitrage, was up a bit on the month, adding 0.11%, but remains down 6.5% on the year.
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.