Monday, 20 October 2014
Last updated 6 hours ago
Jul 11 2011 | 3:58pm ET
Hedge funds suffered a down June across the board, with the notable exception of short-biased funds, according to new data from Greenwich Alternative Investments.
The average hedge fund fell 1.3% last month, the Greenwich Global Hedge Fund Index shows. That benchmark is now up just 0.4% on the year, compared to about 6% for the Standard & Poor's 500 Index.
Just two of the 31 strategies and substrategies tracked by Greenwich AI managed positive returns in June, and one of those just barely. Fixed-income arbitrage funds edged up 0.1% on the month (4.1% year-to-date). But short-biased funds boomed as stocks tanked, adding 3.7% to erase the losses they suffered during the first four months of the year to end the first half up 0.1%.
On the other end of the June spectrum sit futures funds, which lost 2.4% (down 3.2% YTD). Special situations (down 2.1% in June, up 1.4% YTD), multi-strategy (down 1.7%, down 0.3% YTD), growth (down 1.5%, up 1.2% YTD), emerging markets (down 1.4%, down 1% YTD), event-driven (down 1.2%, up 2.4% YTD), other arbitrage (down 1.2%, down 2.1% YTD), long/short equity (down 1.1%, up 1.1% YTD) and macro (down 1.1%, down 1.3% YTD) funds all suffered on the month, as well.
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 ...