Tuesday, 1 December 2015
Last updated 2 hours ago
Aug 8 2012 | 12:04pm ET
Caution cost hedge funds a chance to profit from July's market rally, a major industry index shows.
The Hennessee Hedge Fund Index rose just 0.47% last month, compared to 1.26% for the Standard & Poor's 500 Index. Arbitrage and event-driven funds managed a 0.7% gain, while long/short equity funds had to settle for an average bump of 0.05%.
"July was another choppy month for equity markets and risk assets in general," Hennesse Group's Charles Gradante said. He noted that shorts hurt hedge fund performance in July, making it difficult for managers to increase their short bets.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…