Wednesday, 17 December 2014
Last updated 8 hours ago
Aug 6 2009 | 1:02pm ET
Hedge funds kicked off the third quarter by returning to their winning ways, according to Hedge Fund Research.
The HFRX Global Hedge Fund Index, which was essentially flat in June, rose 1.59% last month. The July return pushed the index’s year-to-date return to 7.25%.
Nearly all of the strategies tracked by the HFRX indices were in the money last month, none more so than convertible arbitrage, which remained the strategy to beat for the year. Convertible arb funds rose an average of 6.73% last month, and are up 28.55% on the year. Multi-strategy relative value arbitrage, market directional and relative value arbitrage funds also posted big returns in June, rising 4.15% (21.05% year-to-date), 3.82% (16.92% YTD) and 3.67% (20.52% YTD), respectively.
Special situations funds added 1.82% (12.24% YTD), event-driven funds 1.53% (10.72% YTD), equity hedge funds 1.51% (7.57% YTD) and macro funds 0.07% (down 5.89% YTD).
Just four of the 18 substrategies and regional indices tracked by HFRX lost ground last month. Distressed securities funds fell 1.28% (down 9.82% YTD), systematic diversified funds lost 1.18% (down 10.5% YTD, the worst performer through the first seven months of the year), equity market-neutral funds sed 1.11% (down 4.55% YTD) and absolute return funds dropped 0.58% (down 3.13% 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.