Tuesday, 29 July 2014
Last updated 1 hour ago
Jun 12 2008 | 2:00am ET
Most hedge fund strategies enjoyed an up May, according to the Dow Jones Hedge Fund Strategy Benchmarks.
Equity long/short funds were far and away the best performers on the month, rising 5.18%, Dow Jones said. The big returns pushed the strategy into the black for the year: It is now the second-best performing strategy of 2008 at 2.11%, behind event-driven funds, which are up 2.86% year-to-date after returning 1.58% last month.
Merger arbitrage funds rose 1.68% in May (up 1.46% YTD).
Three strategies remain in negative territory on the year. Convertible arbitrage remains this year’s laggard, down 5.93% in 208 after rising 0.72% last month. Distressed securities funds are down 3.72% after a 0.6% return in May. Equity market-neutral has the dubious distinction of being the only strategy to lose money last month, falling 0.07%, and is now down 0.54% year-to-date.
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…