Sunday, 21 December 2014
Last updated 5 hours ago
Jul 23 2009 | 2:27am ET
Hedge funds matched the returns of the broader markets during a mixed June, according to Greenwich Alternative Investments.
The Greenwich Global Hedge Fund Index rose 0.19% last month, in line with the Standard & Poor’s 500 Index’s 0.2% return. The Greenwich index jumped 9.1% in the first half.
Most of the hedge funds in the Greenwich index—54%—ended last month in positive ground, as did most of the index’s strategy and substrategy subindices. But most did not go far, ending the month up or down less than 1%.
Fixed-income and special situations hedge funds did the best in June, adding 2%. The former is up 12% and the latter 13.9%, respectively, year-to-date. Convertible arbitrage funds did nearly as well, adding 1.9% on the month to reach 25.6% for the first half, the best result of the first half. Event-driven funds added 1.4% on the month (9.9% year-to-date), with both merger arbitrage and fixed-income arbitrage funds returning 1.1% (4.3% and 8.7% YTD, respectively).
Futures funds were the worst-performing hedge funds in June, dropping 1.6% (down 2.2% YTD). Just three other strategies and substrategies were in the red: macro (down 0.5% in June, up 5.4% YTD), equity market-neutral (down 0.1%, up 1.3% YTD) and opportunistic (down 0.1%, up 7.4% 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.