Tuesday, 30 September 2014
Last updated 3 hours ago
Sep 9 2013 | 11:25am ET
Whatever strategy they pursue, hedge funds struggled through a difficult August.
All eight strategies tracked by Greenwich Alternative Investments lost ground last month, with the benchmark Greenwich Global Hedge Fund Index shedding 0.75%. The result did, at least, give the index a rare win over the Standard & Poor's 500 Index, which lost 2.9% on the month.
For the year, however, the Greenwich index remains far behind the broader markets, up just 3.49% to the S&P500's 16.16%.
Arbitrage funds were hardest-hit in August, falling an average of 1.17% (up 2.73% year-to-date). Futures funds dropped 0.99% (down 3.46% YTD), macro funds 0.96% (up 1.61% YTD), equity-market neutral funds 0.92% (up 1.12% YTD) and long/short equity funds 0.83% (up 6.43% YTD).
Event-driven funds, the year's best performing strategy with a 7.31% return, managed a more modest decline in August, falling 0.41%. Multi-strategy funds shed 0.22% (up 2.58% YTD) and long/short credit funds inched down 0.01% (up 2.29% 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...