Friday, 19 December 2014
Last updated 13 sec ago
Aug 11 2008 | 10:14am ET
The depth of the hedge fund industry’s July funk become clearer and clearer with each hedge fund index release.
Hedge Fund Research’s HFRX Indices show just one of eight strategies in the black last month, with three others falling by at least 2%. The bloodbath leaves just three of the strategy indices in positive ground for the year, while the other five are down by at least 4.5% year-to-date.
Overall, the HFRX Global Hedge Fund Index fell by 2.82% in July and is down 3.83% on the year. Merger arbitrage was the only strategy index to record a positive return last month, adding 0.44% (up 2.83% YTD), while equity-market neutral funds came close, declining just 0.03% (up 2.3% YTD).
Elsewhere, there was very little good news. Macro funds, still the best-performing strategy of 2008, according to HFR, fell 5.59% on the month (up 7.72% YTD). Equity hedge funds lost 3.45% (down 4.63% YTD) and convertible arbitrage funds lost 1.82% (down 8.39% YTD). Relative value funds remain the worst-performing strategy after losing 2.26% in July (down 10.03% YTD).
Distressed securities funds lost 1.48% (down 4.84% YTD) and event-driven funds 0.83% (down 4.81% YTD).
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.