Equity Long/Short Drives Hedge Fund Performance

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.


In Depth

Hedge Fund Veteran Peter Borish Talks Trading

Dec 17 2014 | 9:32am ET

Peter Borish says 2014 was “tricky” from a trading perspective. “The best...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.