Friday, 22 August 2014
Last updated 2 hours ago
Jul 10 2012 | 12:37pm ET
Hedge funds managed a small gain last month but missed out on June's month-end rally, a major industry index shows.
The Hennessee Hedge Fund Index returned 0.06% last month. But that paled in comparison to the nearly 4% surge enjoyed by the Standard & Poor's 500 Index.
"Hedge funds lagged in June as traditional benchmarks posted strong positive performance," Hennessee Group's Lee Hennessee said. "The majority of gains came at the end of the month as investor sentiment improved on the hope for stability in Europe. Hedge funds did not participate in the rally due to conservative exposures and suffered losses due to short covering."
According to Hennessee, long/short funds gained 0.63% on the month. Arbitrage and event-driven funds lost 0.28%.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note