Tuesday, 30 September 2014
Last updated 9 hours ago
Apr 17 2013 | 11:51am ET
Hedge funds opened 2013 with three straight months of positive returns—albeit returns that fell far short of the broader markets.
The RBC Hedge 250 Index added 1.35% last month, to end the quarter up 3.4%. By contrast, the Standard & Poor's 500 Index rose more than 10% in the first quarter.
All nine of the strategies tracked by RBC Capital Markets were in the black last month, led by mergers and special situations funds, up an average of 2.85% (6.5% year-to-date). Equity long/short funds added 1.64% (4.35% YTD), credit funds 1.34% (4.02% YTD) and multi-strategy funds 1.26% (4.04% YTD).
Managed futures funds were up an average of 0.97% in March (1.37% YTD), macro funds 0.83% (1.22% YTD), convertible arbitrage funds 0.71% (3.51% YTD), fixed-income arbitrage funds 0.7% (3.06% YTD) and equity-market neutral funds 0.25% (down 0.09% 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…
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...