Tuesday, 22 July 2014
Last updated 8 hours ago
May 8 2009 | 8:54am ET
By Ankur Samtaney, Eurekahedge Analyst – April was another strong month for hedge funds, with the Eurekahedge North American Hedge Fund Index up a solid 4.4%. Gains were mostly seen coming from equity allocations, as the markets continued their steep upturn amid declining investor risk aversion.
The S&P 500 rose 9.4% during the month, partly owing to better-than-expected quarterly earnings results. As a result, long/short managers turned in returns averaging an impressive 4.8%; bets in favor of equities were largely profitable, while some equity market neutral funds and others with significant short exposure turned in subdued gains or losses.
CTAs, on the other hand, had another flat to negative month owing to varied returns across managers. Diversified futures- and stock futures-investing funds fared well on the whole, while some trading purely in the currency and commodity suffered losses.
The currency markets were characterized by slight weakness in the Euro and Swiss franc against the US dollar, while the Yen was appreciated marginally.
In the commodity markets, while movement was generally mixed, precious metals were down in April, on the back of a notable decline in risk aversion.
Download: The Eurekahedge North American Hedge Fund League Tables (PDF)
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…