BusinessWeek – Convertible and equity arbitrage strategies have the winning performance among hedge funds so far this year. Latin American stock funds lead the way for mutual funds.
The Standard & Poor’s 500-stock index returned 15% year to date through Aug. 31. For the same period, the Dow Jones industrial average was up 10.8%, the Russel 2000 +15.8%, the Nasdaq Composite +28.3%, the MSCI EAFE +21.1%, and the MSCI Emerging Markets index +50.5%.
