Tuesday, 30 September 2014
Last updated 2 hours ago
Jul 7 2010 | 12:29pm ET
Hedge funds shed 0.94% last month, extending their year-to-date loss to 1.2%, according to new figures from Hedge Fund Research.
Just four of the 18 HFRX strategy indices ended the first half with a positive month. Distressed securities and fundamental growth funds, in particular, wilted in the summer heat, shedding 3.73% (up 0.38% year-to-date) and 2.85% (down 9.73% YTD, the worst of any strategy index), respectively.
Equity hedge funds were no great shakes, either, declining 1.38% (down 3.42% YTD) in June. Macro funds lost 1.32% (down 2.32% YTD), market directional funds lost 1.14% (down 0.01% YTD) and the HFRX Equal Weighted Strategies Index dipped 0.99% (down 0.09% YTD).
The strongest performer on the month was systematic diversified, which rose 0.64% to hit 4.53% on the year. The other strategies in the black in June were relative value arbitrage (0.29% on the month, 1.29% YTD), convertible arbitrage (0.11%, 1.92% YTD) and relative value arbitrage multi-strategy (0.1%, 3.23% YTD).
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...