Sunday, 25 January 2015
Last updated 1 day ago
Sep 10 2009 | 10:51am ET
Most hedge fund strategies posted gains in August, although did less well than might be expected, according to Dow Jones Hedge Fund Indexes.
Event-driven funds led the way, according to the Dow Jones Hedge Fund Strategy Benchmarks, rising 1.7% (up 9.51% year-to-date), followed by merger arbitrage (0.96% in August, 5.72% YTD) and equity long/short (0.86%, 3.2% YTD). Only equity market-neutral funds lost ground, dropping 0.59% (down 3.69% YTD).
“Considering the high volatility the market has faced in the past eight months, hedge fund showed only small positive returns for the month,” Dow Jones said.
Both Dow Jones’ convertible arbitrage and distressed securities benchmarks remained suspended.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…