Tuesday, 21 October 2014
Last updated 1 hour ago
May 4 2011 | 11:52am ET
Hedge funds bounced back in April, but still badly lag the broader markets, the Credit Suisse Index Co. said today.
The Dow Jones Credit Suisse Core Hedge Fund Index rose 1.44% last month, less than half the 2.96% return of the Standard & Poor's 500 Index. Year-to-date, the difference is even more pronounced: The Dow Jones Index is up 2.62% compared to the 9.06% return for the S&P500.
"After a downturn mid-month, the Dow Jones Credit Suisse Core Hedge Fund Index rebounded to finish up 1.44% in April," Oliver Schupp, president of the Credit Suisse Index Co., said. "Managed futures was the best-performing sector, gaining 4.78% for the month as trading models successfully picked up on reversals in market movements across sectors."
That strategy is up 2.97% year-to-date.
Other strong performers in April were fixed-income arbitrage at 2.52% (2.2% year-to-date), emerging markets at 1.6% (3.5% YTD) and long/short equity at 1.53% (3.47% YTD). Event-driven funds added 0.82% (2.33% YTD) and global macro 0.44% (1.61% YTD).
Only one strategy lost ground last month: convertible arbitrage, which fell 0.52%. The strategy is up 2.56% on the year.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. 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 ...