Thursday, 26 November 2015
Last updated 6 hours ago
Dec 9 2011 | 12:15pm ET
Hedge funds are on a roller-coaster ride in 2011, and they'd very much like to get off.
Yet another industry index shows that October's turnaround was very, very short-lived, and that the average hedge fund returned to its losing ways in November. "This environment has proven extremely challenging, and hedge funds were whipsawed again," the Hennessee Group's Charles Gradante said.
The Hennessee Hedge Fund Index fell 0.96% last month, while the Standard & Poor's 500 Index lost only 0.5%. The benchmark is down 3.91% on the year.
Global and macro funds took the biggest hit among major strategies, losing 2.77% in November (down 8.01% year-to-date). Arbitrage and event-driven funds lost 0.47% (down 2.15% YTD) and long/short equity funds 0.45% (down 2.94% YTD).
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…