Wednesday, 23 July 2014
Last updated 1 hour 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…