Friday, 19 September 2014
Last updated 9 hours ago
Dec 8 2008 | 3:21pm ET
In one of the more optimistic estimates for hedge funds in November, the Credit Suisse/Tremont Hedge Fund Index is expected to fall by about 0.71% when all of the numbers come in. With 69% of the index’s constituents reporting, the fund is estimated to be down 16.14% on the year.
Distressed funds lived up to their name in November, falling 5.24% (down 18.61% year-to-date), the worst of any strategy tracked by the Credit Suisse Index Co. Other putrid performers included fixed-income arbitrage (down 3.72% in November, down 26.81% YTD), multi-strategy (down 2.56%, down 20.77% YTD) and event-driven (down 2.31%, down 15.91% YTD).
In the race for worst-performing strategy of the year, it’s neck-and-neck with a month to go. Convertible arbitrage currently “leads” emerging markets—last year’s best strategy—at minus-30.76% to minus-29.9%.
Just four of the Credit Suisse/Tremont subindices were in positive ground last month, led by managed futures, which is also one of just three subindices in the black year-to-date at 15.59%. The other positive performers in November were dedicated short bias, the top strategy in 2008 at 16.77%, with a 2.98% return, global macro at 2.09% (down 5.15% YTD) and equity-market neutral at 0.85% (up 0.66% YTD).
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…
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