Tuesday, 30 September 2014
Last updated 2 hours ago
Aug 12 2013 | 12:49pm ET
Hedge funds rebounded in July after losing ground in June, according to the latest data from the Hennessee Group.
The Hennessee Hedge Fund Index rose 1.82% in July and is now up 6.91% year to date.
“Several managers were encouraged to see that $60 billion was redeemed from bond mutual funds in June, with most of it going to savings.” said Hennessee co-founder Charles Gradante, in a statement. “That money is building on the sidelines representing new future demand for equities.”
Equity long/short hedge funds gained 2.95% in July (11.22% YTD), arbitrage event-driven strategies were up 1.01% in July (5.82% YTD) and distressed funds were up 1.39% in July (8.31% YTD).
Merger arbitrage funds were up 1.66% in July (5.23% YTD) and convertible arbitrage funds were up 0.11% on the month (3.93% YTD).
Global/macro strategies added 0.66% in July (1.64% YTD). Emerging market funds rose 1.87% (3.42% YTD) and macro funds rose 0.34% on the month (but are down 1.73% 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…
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