Sunday, 29 November 2015
Last updated 2 days ago
Oct 5 2010 | 2:38pm ET
Hedge funds badly lagged the stock market rally last month, despite producing their best returns of the year.
The average hedge fund added 3.58% in September, according to the Credit Suisse Liquid Alternative Beta Index. But that's cold-comfort for the industry, given the 8.9% jump of the Standard & Poor's 500 Index, it's best September performance since 1939.
The overall LAB index is up 5.45%, besting the S&P500's 3.9%.
Long/short funds were up an average of 5.41% on the month (5.3% year-to-date), according to the LAB indices. Event-driven was not far behind at 4.65% (8.89% YTD).
Merger arbitrage funds added an average of 1.96% (7.64% YTD) and global macro funds 0.45% (2.26% YTD).
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…