Friday, 24 October 2014
Last updated 19 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).
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…
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 ...