Thursday, 2 October 2014
Last updated 13 hours ago
Sep 7 2012 | 10:28am ET
Hedge funds added 0.53% last month, badly lagging the broader markets, a hedge fund replication index shows.
The disappointing August—a month that saw the Standard & Poor's 500 Index rise almost 2%—leaves the Credit Suisse Liquid Alternative Beta Index up just 2.37% on the year, compared to almost 12% for the S&P500. Long/short funds actually managed to beat the broad-market index last month, rising 2.05%, but remain up just 3.67% on the year, according to Credit Suisse.
Event-driven remains the strongest strategy in the LAB arsenal after a 1.38% jump in August left it up 7.1% on the year. LAB's three other strategies were all in the red for the month.
Managed futures fell 1.5% (down 5.34% year-to-date), global strategies 0.23% (up 0.1% YTD) and merger arbitrage 0.08% (down 2.09% YTD).
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...