Wednesday, 23 July 2014
Last updated 11 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).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…