Monday, 20 October 2014
Last updated 2 days ago
Sep 27 2012 | 12:44pm ET
Fewer hedge funds are at their high-water mark than at any time since its been keeping track, Hedge Fund Research said.
As of June 2012—HFR does not release a running high-water mark figure—just 43% of the funds reporting to its flagship hedge fund index were at or above their high-water marks over the trailing 12 months. That's the lowest portion of the industry since HFR started keeping track nine years ago (lower than the 56.4% figure at the end of 2008 and 50.4% in 2009).
HFR President Kenneth Heinz told Institutional Investor that the dismal figure was likely the result of the worst year for the top decile of hedge funds in history; in 2011, the best 10% of hedge funds returned an average of just 19.5%.
But Heinz said that more high-water marks are being breached as we speak. The third-quarter of last year was a dismal one, and this one is shaping up pretty well, and both mean that the number of hedge funds above the mark is likely to rise.
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 ...