Thursday, 23 October 2014
Last updated 12 hours ago
Jul 13 2010 | 1:21pm ET
Hedge funds took in $4 billion in new money in May, but spent the month losing even more.
Hedge funds suffered their worst month in 18 in May, leaving the global industry with $30 billion less at the end of the month than at the beginning, according to TrimTabs Investments Research and BarclayHedge. It’s the third month in the last four that poor performance wiped out an inflow, and thensome.
And things aren’t likely to get much better for the $1.58 trillion industry. Some 37% of managers surveyed were bearish on the Standard & Poor’s 500 Index, with only 19% counting themselves as bullish. And hedge funds may not have monthly inflows to continue to rely on: “Flow data won’t show a hit until June because most funds allow redemptions only on a quarterly basis,” Sol Waksman, CEO of BarclayHedge, said.
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…
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 ...