Tuesday, 21 October 2014
Last updated 9 hours ago
Aug 3 2011 | 2:13pm ET
Hedge funds' wretched summer continued in July, which the average fund dropping almost 1%, according to one benchmark.
The Credit Suisse Liquid Alternative Beta Index fell 0.95% on the month to cut it's year-to-date return to 2.46%. All four of the LAB strategy indices were also in the red.
"The Credit Suisse Liquid Alternative Beta Index, which aims to reflect the performance of the overall hedge fund industry, generated negative performance in July," Jordan Drachman, head of research for alternative beta strategies. "The long/short equity sectro saw the most significant declines, finishing down 1.69% as uncertainty regarding Greek debt and U.S. debt ceiling negotiations outshone a generally positive Q2 earnings season."
Still, "despite July losses, the strategy remains up 3.43% year-to-date."
The LAB event-driven index fell 1.11% (up 2.8% year-to-date), followed by merger arbitrage (down 0.75% in July, up 3.69% YTD) and global strategies (down 0.6%, up 2.1% 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…
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 ...