Wednesday, 1 October 2014
Last updated 8 hours ago
Feb 7 2013 | 10:18am ET
Currency hedge funds had their best month since early 2011 in January—more a commentary on their middling performance recently than anything else.
The Parker Global Currency Managers Index rose 1.42% last month, in line with most broader hedge fund indices but a far cry from the Standard & Poor's 500 Index, which rose 5.1% in January. On the other hand, it's certainly a marked improvement: The benchmark rose just 0.77% last year, compared to an average high-single digit return for all hedge funds and a nearly 16% return for the S&P500.
Parker Global Strategies' Jon Stein said there were signs that the improvement could be a long-term one.
"It wasn't like the entire student body moving in the same direction," he told The Wall Street Journal. "You have currencies moving in a meaningful way," providing a much-needed turnaround for trend-following funds.
"These model-driven trend-followers needed this month," Stein said.
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…
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