Wednesday, 25 November 2015
Last updated 9 hours ago
Feb 4 2013 | 4:00pm ET
Hedge funds spent all of last year trailing the broader markets, and have opened the new year doing the same.
The Credit Suisse Liquid Alternative Beta Index rose 1.1% in January. But the Standard & Poor's 500 Index added 5.1%, continuing the story of 2012, when the LAB index rose just 3.22% to the S&P500's 16%.
Merger arbitrage funds were tops last month with a 2.31% return, followed by managed futures funds, which were beaten down in 2012 but added 2.19% in January. Event-driven funds rose an average of 1.6% and global strategies 1.45%.
Long/short funds actually lost ground on average, according to the LAB indices, falling 0.94%.
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…