Tuesday, 1 December 2015
Last updated 11 hours ago
Apr 4 2013 | 12:41am ET
Hedge funds managed to crawl back from their early year losses last month to finish the first quarter in the black, according to an industry replication index.
IndexIQ's IQ Hedge Composite Beta Index rose 0.54% in March and is up 0.32% on the year. By contrast, the Standard & Poor's 500 Index is up more than 10% through 2013's first three months.
Five of IndexIQ's six strategy beta indices were up last month, led by long/short, which rose 1.38% (3.11% year-to-date). Fixed-income arbitrage added 1.04% (2.51% YTD) and global macro 0.91% (down 0.63% YTD).
Event-driven and market-neutral were up slightly on the month, 0.18% (down 0.73% YTD) and 0.16% (0.15% YTD), respectively.
Emerging markets was the only loser, falling 0.51%. The strategy is down 2.51% on the year.
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…