Sunday, 21 September 2014
Last updated 2 days 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 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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