Sunday, 31 August 2014
Last updated 1 day ago
Jul 21 2009 | 7:03am ET
Just a handful of hedge fund strategies managed to make money last month, in one of the gloomier reports on industry performance in June.
While most hedge fund indices have shown hedge funds posting slightly positive, if broadly mixed, returns last month, Lipper said most strategies were in the red. Just four of the 13 strategies tracked by the data provider were in the black in June, and two of them only barely.
Convertible arbitrage funds were the best-performing strategy in June, rising 0.28%, according to Lipper. The strategy was also one of the best-performing in the second quarter, jumping 6.71%. Event-driven funds weren’t far behind, adding 0.23% in June and 6.11% on the quarter.
Two other strategies—fixed-income arbitrage and emerging markets—inched into the black in June. The former added 0.08%, while the latter managed a 0.003% return. Despite its miniscule rise last month, emerging markets had the second-best second quarter of any strategy, rising 11.25%, behind only long-only funds, which finished the year’s second three months up 17.86% after shedding 0.1% in June.
Managed futures funds and dedicated short-bias offerings were hardest-hit last month, falling 1.59% and 1.58%, respectively. No other strategy lost more than 1% in June.
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 ...