Monday, 20 October 2014
Last updated 4 hours ago
Feb 8 2012 | 1:37pm ET
Stocks had their best January in almost 20 years last month. Hedge funds cannot say the same.
The average hedge fund rose 0.2% last month, the Bloomberg Aggregate Hedge Fund Index shows. The benchmark was down 4.9% last year.
The Bloomberg measure is somewhat pessimistic; most industry indices show average January returns of about 1.5%. The Standard & Poor's 500 Index rose more than 4% on the month.
Long/short equity funds rose 1.6% in January. Macro funds added 1.1% and multi-strategy funds 0.9%.
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 ...