Sunday, 26 October 2014
Last updated 1 day ago
Aug 8 2013 | 12:17pm ET
Hedge funds posted gains last month, bouncing back from June's losses but badly trailing the broader markets.
The average hedge fund returned 1.15% in July, according to the Greenwich Global Hedge Fund Index. By comparison, the Standard & Poor's 500 Index rose more than 5% on the month.
The Greenwich index is up 4.22% on the year; the S&P 500 is up nearly 20%.
Most strategies tracked by Greenwich Alternative Investments posted gains in July, led by long/short equity funds, which rose an average of 2.1% (7.08% year-to-date). Multi-strategy funds added 1.19% (3.26% YTD), event-driven funds 1.14% (7.21% YTD), arbitrage funds 0.83% (4.13% YTD), macro funds 0.79% (3.03% YTD) and equity-market neutral funds 0.71% (2.45% YTD).
Long/short credit funds fell 0.48% on the month (up 1.4% YTD), while futures funds shed 0.26% (down 2.13% 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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.