Monday, 30 November 2015
Last updated 3 hours ago
Aug 9 2011 | 12:46pm ET
Hedge funds avoided most of the stock market’s losses in July, but still suffered their third straight losing month.
The average hedge fund dropped 0.22% last month, according to the Hennessee Group. By contrast, the Standard & Poor’s 500 Index fell 2.15%.
Through the first half, the Hennessee Hedge Fund Index was up 1.45%.
“With defensive positioning and low exposures, hedge funds were able to protect capital as the equity markets sold off in July amid concerns about economic growth and the political standoff around the U.S. debt ceiling,” Hennessee’s Charles Gradante told Dow Jones Newswires.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…