Wednesday, 1 October 2014
Last updated 8 hours ago
Jul 9 2007 | 2:04pm ET
In spite of declining equity markets, hedge funds enjoyed another up month, the HFN Hedge Fund Aggregate Average shows.
Hedge funds rose 1.4% last month, the 11th consecutive positive monthly return for the index, HedgeFund.net said. Hedge funds’ year-to-date return now stands at 7.86%, retaking the lead from the Standard & Poor’s 500, which stands at 6.96% year-to-date after shedding 1.66% in June.
While hedge funds bucked the markets—even the HFN Long/Short Equity Average was up last month, adding 1.05% (8.89% YTD)—they were not immune to them. Short-biased funds profited from the market’s tumble, rising 2.65% last month. Unfortunately for short investors, the funds haven’t recovered from the beating they took over the months-long market rally, and short-biased funds remain down 2.48% on the year. Meanwhile, the HFN Finance Sector Average was burned by the growing subprime mortgage fiasco, falling 0.55% in June. It is down 1.09% in 2007.
Shorting wasn’t the only way to make money last month. The HFN CTA/Managed Futures Average soared 2.73% last month to reach 5.19% year-to-date after a slow start. Macro funds also enjoyed a strong June, rising 2.16% (6.03%). Emerging markets and energy funds remain the best performers year-to-date after June returns of 1.95% (11.21% YTD) and 1.24% (12.15% YTD), respectively.
Asia and Latin America remained good places to make money, as well, with returns of 2.31% (10.26% YTD) and 1.19% (16.54% YTD), respectively.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...