Thursday, 28 August 2014
Last updated 5 hours ago
Dec 12 2006 | 10:09am ET
A hedge fund index has finally beaten the Standard & Poor’s 500, at least for a month.
Early estimates from HedgeFund.net show its HFN Hedge Fund Aggregate Average and HFN Fund of Funds Aggregate Average, as well as most of their subindices, bested the S&P in November, the former returning 2.18% and the 1.79% to the S&P500’s 1.65%. But on the year, the broad-market S&P is still tops at 12.2%, while the hedge fund index lags at 10.65% and the fund of funds index at 7.92%.
However, as an equal-weighted index, HFN’s numbers are known to skew towards younger, smaller and historically better performing hedge funds.
That said, November’s numbers already have HFN’s indices above their full-year returns for 2004 and 2005. The month was particularly kind to the HFN Energy Sector Average, which rose 4.76% on the month (14.89% year-to-date) on the back of rising oil and gas prices. CTA/managed futures enjoyed strong returns, as well, at 3.05% in November (6.94% on the year), along with emerging markets (2.87% in November, 17.96% YTD) and HFN Asia regional average (2.7%, 7.17% YTD).
The only strategies lagging the S&P last month were convertible arbitrage, up just 0.8% (but 11% YTD), equity market-neutral (1.1%, 6.02% YTD) and macro (1.45%, 7.85% YTD).
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...