Saturday, 25 October 2014
Last updated 14 hours ago
Jan 4 2013 | 10:39am ET
Hedge funds limped to a disappointing finish in 2012, returning less than 7%, according to an industry replication index.
IndexIQ's IQ Hedge Composite Beta Index rose 0.43% last month to reach the figure. Six of its seven strategy benchmarks were also in the black, but none exceeded the return for the Standard & Poor's 500 Index last year, 16%.
The best among them was the Long/Short Beta Index, which ended 2012 up 11.01% (0.32% in December). Fixed-income arbitrage followed at 9.08% (0.81% in Dec.).
Event-driven funds returned an average of 7.22% last year (0.68% in Dec.), emerging markets funds 7.16% (1.7% in Dec.), global macro funds 3.94% (down 2.02% in Dec.) and market-neutral funds 3.16% (0.97% in Dec.).
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.