Thursday, 18 December 2014
Last updated 3 min ago
Aug 21 2008 | 12:31pm ET
Hedge funds had a rough July, around the world and north of the border.
Just three of the 13 EDHEC Alternative Indexes were in positive ground last month, while Scotia Capital’s Hedge Fund Performance Index for Canada sank 8.61%.
Battered by the falling commodities markets, the EDHEC CTA Global index fell 3.38%, but remained the second-best performing strategy on the year at 9%.
On the brighter side, short-selling hedge funds—the best-performer on the year at 12.8%—were up 0.7%, merger arbitrage funds were up 0.27% (up 0.9% year-to-date) and fixed-income arbitrage funds were flat.
Only two other strategies have positive returns for the year: equity-market neutral at 1.8% and global macro at 1.1%. On the other side, last year’s best strategy, emerging markets, is this year’s worst, down 8.7%, and convertible arbitrage is down 5%.
Canadian hedge funds are up 1.26% on the year, according to Scotia.
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.