Monday, 20 October 2014
Last updated 2 hours ago
Mar 18 2010 | 8:42am ET
Hedge funds returned an average of 0.78% in February, returning to their winning ways after a month off in January.
“Hedge funds bounced back in February, more than making up for their 0.34% loss in January,” Sol Waksman, founder of BarclayHedge, said of the Barclay Hedge Fund Index. “While U.S. and Asian equity markets gained ground in February, European-linked assets underperformed due to concerns about sovereign debt default in Greece and fears of possible contagion impacting the weaker European Union members.”
The Barclay index is up 0.42% after the first two months of the year. All but three of its 18 subindices were in positive ground last month, with equity short-bias funds dropping 2.02%, European equities 0.62% and Pacific Rim equities 0.09%.
The winners were led by technology funds, which were up 2.3%, followed by equity long-bias at 1.66%, healthcare and biotechnology at 1.25% and event-driven at 0.98%. On the year, distressed securities is the top-performing strategy at 3.19%.
Commodity trading advisors rose 0.19%. Funds of hedge funds returned 0.17%.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...