Tuesday, 30 June 2015
Last updated 5 hours ago
Mar 6 2009 | 1:10am ET
Hedge funds returned to their losing ways in February, dropping 0.38% last month after breaking their losing streak in January.
The decline in the HFRX Global Hedge Fund Index cut its year-to-date return to 0.71%. Five of the eight HFRX strategy indices were in negative ground last month, “led” by distressed securities, which lost 2.06% (down 2.51% YTD). Other losing strategies included equity hedge funds (down 1.28% in February, up 1.42% YTD) and equity-market neutral (down 0.95%, down 0.95% YTD).
Convertible arbitrage funds, one of last year’s biggest losers, rose 2.15% last month, bringing its early year-to-date return to 8.18%. Relative value arbitrage funds rose 0.49% (up 2.84% YTD) and merger arbitrage funds rose 0.44% (up 0.76% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…