Wednesday, 20 August 2014
Last updated 7 hours ago
Sep 8 2010 | 3:37pm ET
Hedge funds fell slightly last month as the broader markets took a tumble.
The Hennessee Hedge Fund Index dropped 0.55% in August. By contrast, the Standard & Poor’s 500 Index shed 4.7% and the NASDAQ Composite Index lost 6.24%.
“Hedge funds started the month with reduced net and gross exposure levels, which allowed them to protect capital while generating ‘alpha’ in August, as the equity markets declined. Managers remain cautious given the global economic uncertainty, though the consensus is that we will likely avoid a ‘double-dip’ recession,” Hennessee co-founder Charles Gradante said. “It was also encouraging to see that 43% of hedge funds reporting were able to generate positive performance in August as markets started to respond more to fundamentals.”
Aug 4 2014 | 7:42am ET
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The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note