Wednesday, 22 October 2014
Last updated 13 hours ago
Oct 3 2012 | 10:59am ET
Hedge fund platform and brokerage firm EXANTE has launched an index tracking the 20 best-performing hedge fund firms that it services.
EXANTE's eponymous hedge fund index draws from the firm's automated trading platform. While it currently includes funds managed by only 20 firms, EXANTE said the new benchmark is well-diversified by strategy and geography, with both offshore and onshore funds managed from the U.S., U.K., Switzerland, Germany and Canada.
The index rose 1.4% in July, its first official month, and 0.2% in August. Over the past two years, the benchmark is up 36.4%.
According to EXANTE, the difference between its product and its competitors is the due-diligence done on each manager before they can be considered for the index. That helps ensure the accuracy of the performance data, the firm said.
"It is more important to have reliable and audited data in the index rather than having an index comprised of hundreds of funds and CTAs without any external due diligence," Gatis Eglitis, EXANTE's managing partner, said. "The EXANTE Hedge Fund Index includes data which is properly audited and therefore reflects precise industry growth."
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 ...