Saturday, 27 December 2014
Last updated 2 days ago
Dec 12 2008 | 2:09am ET
Three of four hedge fund strategies tracked by Dow Jones lost ground last month, and all four have posted big losses for the year. And they are the lucky ones.
DJ suspended two of the Dow Jones Hedge Fund Strategy Benchmarks at the beginning of the month, blaming “temporary risk mitigation measures” taken by their underlying managers. The firm has not determined when it will again begin calculating the equity-market neutral and equity long/short benchmarks.
Distressed securities was the worst performer in November of the four remaining benchmarks, shedding 7.47% (down 32.57% year-to-date). Event-driven funds lost 6.35% last month (down 23.83% YTD). Convertible arbitrage shed just 4.8% on the month, but is down a staggering 47.7% on the year.
Only merger arbitrage finished the month up, rising a scant 0.15%. The benchmark is down 8.72% on the year.
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.