Wednesday, 2 December 2015
Last updated 7 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…