Friday, 31 October 2014
Last updated 8 hours ago
May 3 2012 | 12:56am ET
Hedge funds suffered their second consecutive down month in April, with most strategies following the broader markets into the red.
The Credit Suisse Liquid Alternative Beta Index fell 0.27% last month, cutting its year-to-date gain to 1.94%. The benchmark fell 0.83% in March.
Just one of the six strategies tracked by the suite of indices ended April in positive territory: event-driven, which added 0.73% (3.86% year-to-date). For the rest, the LAB indices were grim reading, indeed.
Merger arbitrage funds fell an average of 0.27% (down 0.01% YTD), global strategies 0.43% (up 0.6% YTD), long/short funds 1.07% (up 3.63% YTD) and managed futures 1.21% (down 1.99% YTD).
By contrast, the Standard & Poor’s 500 Index fell about 0.5% in April.
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…
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