Saturday, 22 November 2014
Last updated 17 hours ago
May 8 2012 | 12:27pm ET
Hedge funds dipped in April according to a widely-followed industry index.
The Hennessee Hedge Fund Index lost 0.38% last month. The drop is not as bad at that suffered by the Standard & Poor's 500 Index in April—the broader market index lost 0.75% on the month—but hedge funds still badly trail the S&P500, having missed out on its first-quarter rally.
"After a strong rally in the first quarter, hedge fund managers were positioned cautiously with lower net and gross exposures," Hennesee Group's Charles Gradante said. "However, managers still suffered losses as volatility spiked and correlations among securities increased regardless of fundamentals.
Equity long/short strategies were particularly hard-hit, Hennessee said. International funds also suffered, dropped 0.51% on the month.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...