Monday, 1 September 2014
Last updated 3 days ago
Jan 25 2011 | 1:39pm ET
A late-year surge helped push the hedge fund industry up double-digits last year—as well as to the point of near-full recovery from the financial crisis.
The Morningstar 1000 Hedge Fund index jumped 4.04% in December. The benchmark finished the year up 10.36%.
"Hedge funds finished strongly in 2010, and most have now fully recuperated from 2008's hangover," Morningstar's Nadia Papagiannis said.
Distressed securities funds had the strongest year, rising 24.47% (3.53% in December). The next-best strategy was corporate actions, which jumped 19.4% (4.58% in Dec.). Other strong performers included developed Asia stock funds, which rose 14.58% (5.52% in Dec.), U.S. equity funds (13.41%, 4.12% in Dec.), emerging markets equity funds (13.28%, 3.72% in Dec.), U.S. small-cap equity funds (12.82%, 6.18% in Dec.) and global trend funds (12.28%, 7.35% in Dec.).
The only losing strategy in 2010 was short equity, which shed 2.03% (up 5.42% in Dec.) in a year in which the Standard & Poor's 500 Index advanced more than 15%.
The Morningstar Hedge Fund of Funds index returned 4.13% on the year (2.93% in Dec.).
Morningstar also said that, through November, hedge funds had taken in some $2.7 billion in net inflows, thanks to a whopping $3.8 billion in inflows in November.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...