Sunday, 30 August 2015
Last updated 2 days ago
Mar 3 2010 | 5:29am ET
Australian hedge funds got off on the wrong foot in 2009. The Australian Fund Monitors index, which soared more than 20% last year, dropped 1.5% in January.
The downward movement Down Under was pretty widespread, with the Australian Stock Exchange Index losing more than 6%. Equity hedge funds lost an average of 1.83% in the first month of the year; non-equity funds fell 0.98%.
The going was even worse for equity 130/30 funds, which shed 6.34% in January, the only AFM subindex to do worse than the broader Aussie markets. Commodity hedge funds and commodity trading advisors also took January hard, losing 4.52%.
Single-manager funds fell an average of 1.7% on the month. Funds of hedge funds lost just 0.36%.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…