Thursday, 23 October 2014
Last updated 15 hours ago
Sep 9 2010 | 1:51am ET
Hedge funds were essentially flat in August, continuing a seriously uninspiring year of the asset class.
The Lyxor Hedge Fund Index added just 0.05% last month. It is up 0.84% on the year. By contrast, the Standard & Poor’s 500 Index fell 4.5% in August and is down 4.6% on the year.
Commodity-trading advisers enjoyed the strongest August, rising 3.86%. Convertible and volatility arbitrage funds returned an average of 1.95% and short-bias funds 1.25%.
Faced with falling stock markets, long-bias funds posted the worst performance in August, dropping 1.48%. Statistical arbitrage equity funds did only slightly less bad, losing 1.4% on the month.
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 ...