Hedge Fund Trades
CHARTING THE STRATEGIES OF ABSOLUTE RETURN MANAGERS DEBT JUNE 18, 2007 DJHFSB Daily Estimates (52 wk)*
130
Converts Pull Balancing Act As Rates, Volatility Climb
120
T
he recent spike in volatility has been undermined by the increase in interest rates. Performance enhancers include investing in Asia and in small-cap names. p. 2
110
100
FUND NEWS
DEBT
90 Jun-2006
Sep-2006
Dec-2006
Mar-2007
May-2007
p.3 The long/short shop has seen some of its equity investments go sour, and at least one of its funds is taking a huge hit in performance. That fund has sold some of its stakes recently. COMMODITIES
Barely In The Black: Eastbourne's Offshore Fund Struggles
Some Analysts See Treasurys Sell-Off Rather Than Adjustment
FOREX
p.8
Convertible Arbitrage Distressed Sectors Event Driven Equity Market Neutral
$2 Pound Now Looks Less Likely
INDUSTRY NEWS
p.9
Merger Arbitrage Equity Long/Short (US)
Light Metal Might: Aluminum p.4 Readies For Action
Long a lightweight performer among metals, aluminum may be about to get its six pack on. Price stability makes it attractive for new entry, and discretionary traders are eyeing longterm trends. EQUITY p.5 Private equity rms control many of the big movie theater chains. Funds seeking to prot in the sector are looking at two chains that are still publicly traded, Regal and Carmike.
Macro Hedge Funds See Opportunity In Bond Yield Moves Hedge Fund Activism Boosts Returns, But Less So Today
EQUITY
DJHFSB Weekly Returns p.10
Index DJ Wilshire 5000 DJ Corp Bond Index Convertible Arbitrage Distressed Securities Equity Market Neutral Event Driven Merger Arbitrage Equity Long/Short
As of 6/13/07
Value 55.32
Week YTD 52-wk (%) (%) (%) 0.46 8.2 2.2 6.8 2.3 7.1 9.4 26 5.3 7 16 6.8 17.3 15.8
194.92 -0.46 -0.3 134.39 -0.04 188.19 0.16 111.29 -0.05 151.71 0.22 135.73 0.33

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