Wednesday, 22 October 2014
Last updated 12 hours ago
May 17 2013 | 2:38pm ET
Hedge funds are off to a fairly good start this month amidst the continuing market rally.
Hedge Fund Research's HFRX Global Hedge Fund Index was up 1.16% through May 15. The benchmark is now up 4.98% on the year.
The Standard & Poor's 500 Index is up over 3% this month and over 16% on the year.
Still, hedge funds' gains were broad-based on the month, with only two strategies losing ground. The best-performing strategies were convertible arbitrage and fundamental value funds, which both added 2.51% (8.62% and 9.74% year-to-date, respectively). Event-driven hedge funds rose 1.81% (8.24% YTD), equity hedge funds 1.66% (7.49% YTD), special situations funds 1.63% (10.42% YTD), emerging markets and credit funds 1.42% (4.84% and 5.68% YTD, respectively) and distressed restructuring funds 1.16% (3.44% YTD).
On the losing side, equity market neutral funds fell 0.74% (up 0.28% YTD) and systematic diversified commodity-trading advisers 0.42% (down 1.31% 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 ...