Hennessee: Hedge Funds Inch Up

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%.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).