Friday, 24 October 2014
Last updated 2 hours ago
May 10 2007 | 1:13pm ET
Hedge funds had a strong April, driven by strong equity markets, event-driven and macro strategies. Hedge Fund Research’s HFRX Global Hedge Fund Index rose 2.21% last month, and has returned 3.82% year-to-date.
Unsurprisingly, market-directional strategies did best, as the Standard & Poor’s 500 Index rose 4.43% (5.1% YTD). The HFRX Market Directional Index jumped 3.1% in April (3.61% YTD). Among individual strategies, macro rose finally turned things around, rising 2.89% on the month, though it remains down 1.53% in 2007 to date. Equity hedge and event-driven funds also posted a strong month, rising 2.77% (4.47% YTD) and 2.63% (6.72% YTD).
Of the nine strategies tracked by HFR, only volatility posted a loss last month, falling 0.46% (down 3.32% YTD).
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…
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 ...