Saturday, 25 October 2014
Last updated 1 day ago
Jul 18 2007 | 9:10am ET
June had seen nothing but good news for hedge fund indices. Until now. At least according to one data provider.
Hedge Fund Research’s HFRX Global Hedge Fund Index declined, slightly, during a month that hedge fund indices have been more or less unanimous: While the Standard & Poor’s 500—and the equity markets it covers—fell during the month, hedge funds produced positive returns. The HFRX index fell 0.07% on the month and is up only 6.39% year-to-date. The S&P500, by contrast, dropped more than 1% last month, but is still up 6.96% on the year.
Three of the HFRX strategy indices joined the main index in the red last month. Event-driven funds fell 0.94% (up 9.05% YTD), equity hedge lost 0.42% (up 7.17% YTD) and relative value arbitrage shed 0.15% (up 4.63% YTD).
On the brighter side, the HFRX Volatility and Diversity indices had strong months, with the latter up 1.35% on the month and 10.39% year-to-date, and the former adding 1.21%, though it remains down 1.2% on the year.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.