Wednesday, 22 October 2014
Last updated 11 hours ago
Feb 15 2007 | 4:35pm ET
The fourth quarter was a good time to be in emerging markets and bad time to be in Japan, according to MSCI Barra’s fourth-quarter MSCI Hedge Fund Indices Global Summary. In fact, the same could be said of 2006 as a whole.
MSCI’s emerging markets and global markets indices led the way in Q4, returning 7.9% and 7.7%, respectively, bringing both strategies to 17% for the year. Japan, on the other hand, was the only MSCI hedge fund index in the red for the year, as its anemic 0.5% performance in the fourth quarter was not enough to drag it into positive territory. It finished the year down 4.7%.
The overall MSCI Hedge Fund Composite Index had a strong quarter, returning 5%, but it’s full-year return of 11.3% lagged far behind the MSCI World Equity Index, which returned 20.1%. Still, investors continued to pour money into hedge funds, as funds covered by the index added some $4.1 billion in the fourth quarter. Those who invested in smaller funds were awarded, as funds with between $15 million and $100 million in assets outperformed the MSCI Core Fund Index, 5.2% to 4.7%.
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…
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