Tuesday, 29 July 2014
Last updated 15 hours 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.
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…