Friday, 31 October 2014
Last updated 1 hour ago
Oct 8 2010 | 11:43am ET
The average hedge fund returned 1.97% last month, according to the Lyxor Hedge Fund Index.
September's performance, the year's strongest, pushed the index to 2.82% for the year.
Special situations funds enjoyed the best month, rising 4%. Equity long-bias funds also did well during the best month for the Standard & Poor's 500 Index and Dow Jones Industrial Average since the Great Depression, adding 3.91%. Global macro funds rose an average of 2.47%.
Given the stock market rally, it's no surprise to see short-bias hedge funds take the biggest hit in September. The average short hedge fund lost 7.96% 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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.