Tuesday, 21 October 2014
Last updated 5 min ago
Nov 29 2012 | 12:11pm ET
Quantitative hedge funds are in danger of suffering one of their worst-ever years.
While the average hedge fund has suffered a simply below-average year, some of the industry's biggest black boxes are doing much, much worse. Aspect Capital is down 11.7% through Nov. 21, the Financial Times reports, while Highbridge Capital Management's quantitative commodities fund is down 10% through October.
Others aren't doing much better: Renaissance Technologies' Institutional Futures Fund has lost 6.1% this year through mid-November. Winton Capital's flagship is down 5.65% through Tuesday, and BlueCrest Capital Management's BlueTrend fund plummeted into the red last month with a 5.3% drop. It is now down 3.1% on the year.
Indeed, one knows things are bad when Man Group's troubled AHL strategy is a bright spot for quants, down just 2.8% through Nov. 19.
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 ...