Monday, 29 December 2014
Last updated 1 hour ago
Apr 7 2009 | 2:43am ET
Hedge fund returns were essentially flat last month, with the average fund shedding 0.03%, Hedge Fund Research reports.
The decline is the second in as many months for the HFRX Global Hedge Fund Index. Still, the average hedge fund remains up 0.68%, thanks entirely to a strong January: The global index fell 0.38% in February.
Distressed securities funds were the worst performers in March, dropping 2.72% (down 5.16% year-to-date). Systematic diversified funds also lost substantial ground, falling 2.35% (down 2.23% YTD) to wipe out its year-to-date gains, as did macro funds (down 1.98% in March, down 0.62% YTD).
Still, despite the losses—11 out of the 18 strategies tracked by the HFRX indices were in the red last month—the majority of individual strategies have maintained positive returns this year: Just six are down in 2009.
On the positive side, fundamental value funds jumped 2.4% (0.83% YTD), followed by equity hedge funds, which added 2.21% (0.76% YTD). Market directional funds rose 1.52% (3.44% YTD), convertible arbitrage funds 1.16% (9.43% YTD) and merger arbitrage funds 0.93% (1.69% 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.