Saturday, 25 October 2014
Last updated 19 hours ago
Feb 11 2010 | 7:57am ET
Last year was a good one for hedge funds—all around the world.
Australian hedge funds soared 20.81% last year, one of their best ever. Dutch hedge funds didn’t do quite as well, rising 11% on the year. The average global hedge fund returned approximately 20% in 2009.
Impressive as the Australian returns appear, the Australian Fund Monitors index badly lagged the broader market, as the Australian Stock Exchange index added more than 30% last year. Just 18% of the 241 hedge funds tracked by AFM bested the ASX market.
Given those figures, it’s no surprise that long-biased funds did best among hedge fund strategies, rising 40.88%. Equity 130/30 funds also did well, adding 33.54%, followed by equity long/short funds at 25.59%.
Meanwhile, on the other side of the worth, the Finles/IEX Dutch hedge fund index ended its first year up about 11%. The top-performing funds in the 28-constituent index were the HIQ Invest Market Neutral Fund, which rose 43.1%, and the Antarus Europe Fund, which returned 39.9%.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…