Tuesday, 16 September 2014
Last updated 41 min ago
Apr 9 2012 | 11:17am ET
Hedge funds enjoyed their best first quarter in six years—but still badly lagged the broader markets, according to a major industry index.
The Hennessee Hedge Fund Index rose 0.6% last month, making it three-for-three in terms of positive monthly returns in 2012. The benchmark is up 4.6% in the first quarter.
Unfortunately for hedge funds, the Standard & Poor's 500 Index rose 12% over the same period.
"Hedge funds have performed well given their low net exposures," managing principal Lee Hennessee said. "However, managers did express some frustration on the short side of the portfolio. Many high-beta short positions rallied more than the overall market in the first quarter, detracting from performance."
Equity long/short strategies were some of the best in March, adding 1% on the month.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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