Tuesday, 31 March 2015
Last updated 12 hours ago
Aug 19 2008 | 9:59am ET
As with most hedge fund indices in July, Hedge Fund Research’s HFRI Indices offer very little in the way of good news.
The overall HFRI Fund Weighted Composite Index fell 2.17% last month and is down 3.43% on the year. Just five HFRI substrategies were in the black in July, and just seven have positive returns in what has been a very bleak year-to-date.
Macro funds lost 2.78% on the month (up 3.71% year-to-date) and equity hedge funds declines 2.63% (down 6.29% YTD). Event-driven funds fell by 1.33% (down 3.61% YTD) and relative-value funds by 0.36% (down 1.72% YTD). Emerging markets funds continued to have difficulty in 2008, falling by 3.07% in July to bring their year-to-date loss to 9.76%.
Among substrategies, energy and basic materials funds were the biggest losers with an average decline of 6.97% (down 3.58% YTD), followed by systematic diversified funds, which fell 3.9%, but remain the year’s second-best performer with year-to-date return of 7.65%. Russia and Eastern Europe was the worst-performing region among emerging markets, with a 7.05% drop (down 10.69% YTD).
The only strategies in the black in July were fixed-income asset-backed relative value funds (up 1.31% in July, up 3.22% YTD), yield alternatives funds (up 0.55%, down 2.55% YTD), merger arbitrage funds (up 0.37%, down 0.22% YTD), private issue/Regulation D funds (up 0.29%, up 1.14% YTD) and short bias funds (up 0.07%, up 10% YTD).
Funds of hedge funds fell 2.73%, and are now down 5.03%, according the HFRI Fund of Funds Composite Index.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…