Monday, 30 November 2015
Last updated 2 days ago
Feb 18 2010 | 2:06am ET
Hedge funds got off on the wrong foot in 2010, with the average fund falling slightly in January.
The Barclay Hedge Fund Index lost 0.29% in January, according to BarclayHedge. Technology funds were hardest hit, dropping 2.74% on the month. Equity long-bias funds were battered by declining stocks, falling 1.68%. Emerging markets funds lost 1.19% and global macro funds slid 0.85%.
On the other hand, short-bias funds rallied as the world’s stock markets fell. The average short fund returned 3.18% last month. Distressed securities added 2.64%, fixed-income arbitrage 1.89% and multi-strategy funds 1.22%.
“Equity investors expressed their disappointment with White House announcements that the administration would seek to curtail risky behavior of U.S. banks,” BarclayHedge founder Sol Waksman said.
“Growing expectations that the economic recovery will be weaker than previously assumed drove interest rates lower and rallied the bond markets,” he added.
Funds of hedge funds dropped 0.17%, BarclayHedge said.
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…