Tuesday, 30 September 2014
Last updated 1 hour ago
Aug 10 2007 | 6:30am ET
As the hedge fund world waits for and wonders about what horrors August may bring, the general consensus is that July wasn’t so bad—for most hedge funds.
The latest bringer of not-so-bad news is the Greenwich Global Hedge Fund Index, which gained 0.13% last month, easily eclipsing the Standard and Poor’s 500, which dropped more than 3%. Year-to-date, the Greenwich index is up 7.98% through July.
“While difficult to predict the full market impact associated with absorption of sub prime risks, this month’s hedge fund performance indicates the impact will likely be less significant than feared,” notes Ben Rossman, general manager of Greenwich Alternative Investments.
“Of the funds that Greenwich tracks, those with direct exposure to such risks – inaccurate pricing of CDOs and other opaque instruments, tighter credit terms, potential reform to rating agency operations and the like – are estimated to represent less than 10% of the hedge fund universe.”
Greenwich’s Investable Hedge Fund Index wasn’t as lucky as its flagship partner: It fell 0.74% on in July, and is now up 5.39% year-to-date.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...