Wednesday, 1 October 2014
Last updated 8 min ago
Mar 12 2007 | 10:12am ET
Merger arbitrage funds tore the doors off in March, as hedge funds enjoyed another month topping the broader markets, according to the Dow Jones Hedge Fund Strategy Benchmarks. merger arbitrage benchmark was up 3.71% on the month, pushing its year-to-date return to 6.24%, easily making it the top-performing strategy on the month and year so far. Distressed securities rose 0.95% (2.8% YTD), convertible arbitrage 0.72% (1.45% YTD), event-driven 0.43% (2.34% YTD) and equity long/short 0.14% (2.35%).
Even the only index in negative territory, equity market neutral, which fell 0.04% in February but remains up 0.49% on the year, topped the broader market indices. The Standard & Poor’s 500 plummeted almost 2% last month and is down 0.47% year-to-date, and the Dow Jones Wilshire 5000 fell 1.58% in February, though it is up 0.29% on the year.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...