Monday, 20 October 2014
Last updated 8 hours ago
Jan 4 2013 | 1:21pm ET
Hedge funds ended last year strongly, but not nearly strongly enough to avoid a disappointing 2012.
The average hedge fund rose 1.13% last month, according to Credit Suisse's hedge fund replication index. The Credit Suisse Liquid Alternative Beta Index returned just 3.22% last year, with three of its five strategy benchmarks in the red for the year; by contrast, the Standard & Poor's 500 Index returned 16%.
The event-driven LAB index was by far the best performer in 2012, rising 11.22% (1.51% in December). The only other strategy in positive territory for the year was long/short, which ended the year up 4.06% after a 1.42% jump last month.
The losers were managed futures, down 7.95% in 2012 (up 1.64% in Dec.), merger arbitrage, down 2.36% (up 1.21% in Dec.), and global strategies, down 0.08% (up 0.91% 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…
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 ...