Wednesday, 22 October 2014
Last updated 17 hours ago
Jun 21 2012 | 11:32am ET
Hedge funds extended their May—and April—losses in the first half of this month, one industry benchmark shows.
The HFRX Global Hedge Fund Index shed 0.54% on the month through June 15. The decline leaves the index up just 0.97% on the year.
Only one of the 15 strategy, sub-strategy and regional indices compiled by Hedge Fund Research for the HFRX suite was in the black in the first two weeks of June, and it only barely: Fundamental value equity funds rose a microscopic 0.03% (0.54% YTD).
The rest of the report was a sea of red. Macro funds and commodity trading advisers lost 1.06% (down 1.57% YTD), relative value arbitrage funds 0.42% (up 1.72% YTD), and equity hedge fund and event-driven funds 0.38% apiece (up 0.27% and 3.18% YTD, respectively).
Systematic diversified funds took the biggest loss in early June, dropping 1.89% (down 2.6% YTD). Equity market neutral funds lost 0.98% (down 4.5% YTD), special situations 0.52% (up 1.52% YTD) and convertible arbitrage 0.47% (up 2.73% YTD).
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 ...