Wednesday, 17 December 2014
Last updated 5 hours ago
Jan 28 2010 | 1:47pm ET
Man Group’s flagship AHL strategy suffered its worst-ever year last year, and, so far, the new year is not proving any kinder.
AHL lost 3.57% last week, or more than US$700 million, the Financial Times reports. The $21.7 billion managed futures strategy booked a similarly large one-week loss less than two months ago, when it plummeted 4.3% in the first week of December.
That helped finish off a truly terrible year for AHL, which lost 16.9% in 2009, while the average hedge fund soared nearly 20%. It was the first-ever losing year for AHL, which managed to return 33.8% in 2008, when most hedge funds dropped by double-digits.
AHL, it should be noted, is used to such swings. The highly-volatile strategy averages one 4% weekly loss per year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.