Wednesday, 22 October 2014
Last updated 2 min ago
Apr 15 2013 | 11:32am ET
Hedge funds returned 1.21% last month to end the first quarter up 3.55%, lagging badly behind the broader markets.
The Dow Jones Credit Suisse Hedge Fund Index is up only one-third as much as the Standard & Poor's 500 Index this year; the broad-market benchmark has added more than 10% in 2013's first three months.
Distressed hedge funds posted the strongest March, up 2.18% (4.99% year-to-date). Event-driven funds added 2.11% (4.78% YTD) and event-driven multi-strategy funds 2.08% (4.71% YTD). Managed futures funds rose 1.74% on the month (3.66% YTD), long/short equity funds 1.38% (5.1% YTD), global macro funds 0.97% (1.216% YTD), convertible arbitrage funds 0.72% (2.68% YTD), multi-strategy funds 0.62% (3.1% YTD), fixed-income arbitrage funds 0.61% (2.17% YTD), emerging markets funds 0.55% (4.53% YTD), risk arbitrage funds 0.39% (0.3% YTD) and equity market neutral funds 0.05% (0.73% YTD).
Of the strategies tracked by Dow Jones, only short bias funds lost ground last month, falling 1.91% (down 8.56% YTD).
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 ...