Tuesday, 21 October 2014
Last updated 32 min ago
Jul 17 2007 | 11:17am ET
Emerging markets and managed futures strategies had the strongest second quarter among hedge funds, according to Morningstar, as the average hedge fund returned 5.25% over the past three months.
Emerging markets added 9.7% in the second quarter. “China funds fueled strong performance, recovering from the market setback in late February,” Morningstar said. “Solid energy markets in Russia and Brazil bolstered returns for many of the emerging markets funds.”
For their part, managed futures funds posted a mean return of 6.82%, led by trend-following strategies. Equity net-long funds returned 5.84% on the quarter, equity variable 4.87%, event-driven 4.82% and merger arbitrage 3.45%.
The data provider noted that hedge funds slightly underperformed the Standard & Poor’s 500, which added 5.81% during the quarter. But the 8,000 hedge funds in the Morningstar database on average have exceed the S&P500 year-to-date, 7.77% to 6.96%.
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 ...