Wednesday, 25 November 2015
Last updated 15 hours ago
Jan 2 2013 | 3:48pm ET
Hedge funds lagged the broader markets for the fourth straight year in 2012, with estimated returns of about one-third the performance of the Standard & Poor's 500 Index.
The average hedge fund rose 5.5% last year, according to Hedge Fund Research. That's a good deal better than the average 5% loss suffered in 2011, but it was well behind the S&P500's 16% return.
Hedge funds have not beaten the broad-market index since 2008, when the S&P was down nearly 40%, while the average hedge fund was down less than 20%. It is the longest period of underperformance for the hedge fund industry since 1998.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…