Wednesday, 1 October 2014
Last updated 3 hours ago
Jun 19 2013 | 10:51am ET
Hedge funds took a hit in the first half of June, according to figures from Hedge Fund Research.
The HFRX Global Hedge Fund Index fell 0.95% through mid-June, cutting the benchmark's year-to-date gains to 3.55%. The losses were broadly felt, with only five of the 18 HFRX strategy and sub-strategy indices posting gains on the month.
The losers were led by systematic diversified commodity trading advisors, which fell 1.22% (down 2.88% year-to-date). Multi-region funds dropped 0.85% (up 3.92% YTD), distressed restructuring funds 0.84% (up 3% YTD), macro funds and CTAs 0.78% (down 1.19% YTD) and equity-market neutral funds 0.74% (up 0.28% YTD).
Multi-strategy funds shed 0.69% on the month (up 1.4% YTD), event-driven 0.67% (up 7.88% YTD), relative-value arbitrage 0.65% (up 2.25% YTD), emerging markets 0.63% (up 2.58% YTD), credit 0.51% (up 4.81% YTD), convertible arbitrage 0.11% (up 8.8% YTD) and special situations 0.11% (up 10.45% YTD).
Fundamental value funds were the biggest winners through mid-June, adding 2.51% (9.74% YTD). Equity hedge funds rose 1.66% (7.49% YTD), master-limited partnerships 0.59% (16.59% YTD), fundamental growth funds 0.54% (4.84% YTD) and merger arbitrage funds 0.01% (2.02% 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...