Wednesday, 17 December 2014
Last updated 7 hours ago
Nov 6 2006 | 12:17pm ET
Hedge fund had their best month since the beginning of the year in October, according to the MSCI Hedge Invest Index.
The index returned 1.78% last month, the highest monthly return of 2006 save for January, when it was up 2.29%. Still, it trailed the Standard & Poor’s 500 (up 3.15%) for the month and continues to lag for the year, at 5.13% to the S&P500’s 10.13% year-to-date return.
Discretionary trading and long-bias were the top performers on the month, both returned 2.32%, but that is where the similarity ends. Long-bias is the MSCI index’s top strategy this year, with a 7.5% YTD return, while discretionary trading is its second-worst, at 3.11% YTD. Other strong strategies in October were variable bias (2.29%, 6.36% YTD) and fixed-income (2.13%, 4.19% YTD).
Other strategies were not so lucky, but the rising tide did lift all boats last month. Each of MSCI’s strategy sub-indices finished the month up, compared to September, when only three managed positive returns. The laggards were convertible arbitrage (0.48%, 7.03% YTD) and systematic trading (0.76%, 2.08% YTD).
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.