Sunday, 14 September 2014
Last updated 2 days ago
Nov 7 2012 | 1:49pm ET
Hedge funds in October lost as much as they had gained the prior month, according to one prominent industry benchmark, leaving them up an average of just 2% on the year.
The Dow Jones Credit Suisse Core Hedge Fund Index fell 0.47% last month, cutting its year-to-date return to 2.03%. By contrast, the Standard & Poor's 500 Index lost almost 2% in October but remains up more than 10% on the year.
Four of Dow Jones' seven strategy benchmarks lost ground last month. Managed futures took the biggest hit, falling 3.84% (down 5.67% year-to-date). Long/short equity funds shed 0.75% (up 1.28% YTD), global macro funds 0.51% (up 4.32% YTD) and fixed-income arbitrage funds 0.04% (up 1.69% YTD).
On the other side of the ledger, event-driven funds added 0.75% (4.27% YTD), convertible arbitrage funds 0.61% (6.55% YTD) and emerging markets funds 0.48% (0.37% YTD).
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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