Sunday, 29 November 2015
Last updated 2 days ago
Dec 22 2009 | 11:51am ET
If hedge funds are going to enjoy a big December, they may need a big holiday bounce.
Through the end of last week, the three remaining Dow Jones Hedge Fund Strategy Benchmarks aren’t exactly blowing down doors. The best of the lot, equity long/short funds, is up just 0.33% through the first three weeks of the month. The worst, event-driven, is actually down 0.14%.
Merger arbitrage funds are up 0.11% during the same period. That benchmark is up 7.7% on the year; event-driven funds have returned 15% and equity long/short 3.7%.
The other three Dow Jones indices, convertible arbitrage, distressed securities and equity market-neutral, are suspended.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…