Monday, 22 December 2014
Last updated 7 hours ago
Jan 12 2009 | 10:49am ET
Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish up approximately 0.3% in December.
Investment activity in most hedge fund strategies was relatively quiet throughout the month as many managers maintained minimal risk exposures, according to Credit Suisse/Tremont. Ongoing deleveraging in 2008 by funds and investors resulted in an uncommitted pool of $9 trillion in cash that is waiting on the sidelines, as measured by the St. Louis Federal Reserve.
Persisting trends in bond and currency markets have resulted in gains for trend-following managers in the Managed Futures/CTAs and Global Macro strategies. Namely, yields fell following the Fed’s rate cut announcement, with U.S. 10-year notes touching 2.04% on Dec. 18, the lowest level since 1953 when records began.
Currency markets also experienced a shift as the U.S. dollar ended its 12 week rally with a 10% correction, sliding to a low of US$ 1.45 per Euro on Dec. 18.
Estimates are based on 74% of assets reporting; final December performance will be published January 15.
Credit Suisse/Tremont Hedge Fund Index Strategty Estimates*
|Credit Suisse/Tremont Hedge Fund Index||0.30%||-18.80%|
|Dedicated Short Bias||-2.55%||13.87%|
|Equity Market Neutral||1.89%||-39.44%|
|Event Driven Multi-Strategy||0.28%||-15.60%|
|Fixed Income Arbitrage||0.72%||-27.72%|
|Barclays Capital Aggregate Bond Index||6.21%||4.79%|
|DJ AIG Commodities Index||-4.48%||-35.65%|
*74% of funds reporting
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.