Friday, 29 August 2014
Last updated 8 hours ago
Jul 8 2008 | 9:40am ET
Hedge funds’ recent rally wilted in the hot sun of June, according to Hedge Fund Research.
After two months of positive returns, hedge funds closed out the second quarter the same way they did the first: on a down note, with the HFRX Global Hedge Fund Index dropping 0.83% on the month. The index is now down 1.03% on the year.
Event-driven funds were by far the biggest losers in June, falling 3.35% on the month (down 4.02% year-to-date). Convertible arbitrage (down 1.77%, down 6.69% YTD), relative value arbitrage (down 1.55%, down 7.95% YTD) and equity hedge funds (down 1.06%, down 1.22% YTD) also saw big declines.
Just two of the eight HFRX strategy indices enjoyed an up June. Macro funds were almost as good as event-driven funds were bad, adding 3.25% on the month. Macro remains far and away the best-performing strategy this year, at 14.1%—almost six times better than its closest competitor, merger arbitrage, which is up 2.38% on the year after a 0.25% decline in June. Equity-market neutral funds also enjoyed a positive month, rising 1.02% in June (up 2.32% YTD).
The other five strategy indices are in the red year-to-date.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...