Thursday, 18 December 2014
Last updated 2 hours ago
Nov 8 2011 | 10:21am ET
Are hedge funds not worthy of the name? One study suggests they might not be.
Hedge funds' correlation with equities hit an all-time high in September, according to Bank of America Merrill Lynch. The increased correlation with the Standard & Poor's 500 Index began in March 2009. In September, the 12-month correlation was as high as ever, the Financial Times reports.
That correlation would actually be a pretty good thing this year, with the Standard & Poor's 500 Index at break-even through last month. But where hedge funds have been uncorrelated, it has hurt them: Many hedge funds were long in August, when stocks began their precipitous decline, but had cut their risk before last month's rally. Most indices show that hedge funds participated in only a fraction of October's stock market gains.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.