Poor start to third quarter for hedge funds

By Amal Robleh

Mon Aug 11, 2014

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Distressed funds suffer first loss of 2014.

July proved to be a tough month for hedge funds as the majority of indices tracked by HedgeFund Intelligence endured losses. The HedgeFund Intelligence Global Composite fell 0.17% for the month, but remains up 2.85% through 2014. 

Despite the losses, hedge funds lived up to their name and were better insulated than their major market benchmarks against last month's sharp market reversals. The MSCI World Index dropped 1.60%, while the S&P 500 fell 1.38%, however both remain in positive territory for the year. 

Early estimates put the Absolute Return Composite Index down 0.48% in July. As more funds report monthly figures, if the index remains negative, this would be it's first monthly loss since August 2013.

Though much has been said this year about MBS funds and the supposed lack of opportunities remaining in that strategy, the Absolute Return Mortgage Backed Securities extended its run of positive performance to thirteen months. MBS funds are up 6.69% for the year, making MBS the top performing strategy thus far this year. 

Note: These indices were accurate as of Aug 11 and are subject to change. For the most recent performance statistics, please click on the links in the table below to the individual databases. For a complete list of the top performing funds in each strategy, please visit the HedgeFund Intelligence database.

HedgeFund Intelligence Indices
Median hedge fund returns by region

Region Database
July YTD
Asia AsiaHedge
1.07% 2.23%
Europe EuroHedge
-0.53% 1.75%
U.S. Absolute Return
-0.48% 3.62%
-0.27% 1.80%
Funds of Funds InvestHedge
-0.22% 1.48%
Global Composite HedgeFund Intelligence
-0.17% 2.85%

Absolute Return Indices (Americas hedge funds)

Index July YTD
Credit 0.24% 5.61%
Event Driven -0.75% 5.17%
Latin American Equity -0.48% 0.20%
Macro -0.62% -0.88%
Managed Futures -0.55% -1.95%
Multistrategy -0.54% 3.63%
U.S. Equity -1.30% 2.80%
Composite -0.48% 3.62%

Global Benchmarks
Index July YTD
MSCI World Index -1.60% 4.48%
Dow Jones Industrial Average -1.56% -0.08%
S&P 500*
-1.38% 5.66%
NASDAQ Composite -0.89% 4.63%
MSCI Europe Index -1.79% 3.05%
MSCI Pacific Free Index 1.75% 4.92%
* total return

About HedgeFund Intelligence

HedgeFund Intelligence  is the largest provider of hedge fund news and data in the world, offering a range of products to the global hedge fund industry, its investors and related companies.

Our publications include AsiaHedgeEuroHedgeInvestHedgeAbsolute Return and Absolute UCITS, which together provide comprehensive global coverage of hedge funds and their investors. Our  databases list information on nearly 15,000 hedge funds and funds of funds worldwide, allowing subscribers to search and sort by performance, size, investment terms, vendors employed and many other criteria. Using the performance reported by funds in our databases, HFI produces free hedge fund  indices  that are the industry's most accurate benchmarks. Our frequent special reports  include in-depth analyses of various regions and sectors. Our  conferences  are renowned for the quality of the speakers and programming, and our objectively-determined  annual awards  are regarded as the most prestigious and accurate recognition of risk-adjusted performance.

For more information about HedgeFund Intelligence or any of its data, indices, newsletters & magazines, special reports or events, please contact Nick Evans via email (nevans@hedgefundintelligence.com) or at +44 (0) 20 7779 7355.

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