Wednesday, 25 November 2015
Last updated 5 hours ago
Jan 19 2010 | 12:17pm ET
Hedge funds soared more than 24% in 2009, fueled by enormous gains posted by convertible arbitrage and emerging markets funds, BarclayHedge said.
The Barclay Hedge Fund Index added 24.14% last year. By BarlcayHedge’s measure, convertible arb. funds enjoyed an average return of 53.83% on the year, easily erasing its 27.66% drop from 2008, and thensome.
Emerging markets funds also did extremely well, with Barclay’s index added 44.4%. Distressed securities funds returned 32.78%. Neither have recouped their 2008 losses of 39.47% and 31.7%, respectively.
The Barclay Fund of Funds Index was up 10.18% last year.
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…