Thursday, 27 November 2014
Last updated 20 hours ago
Sep 11 2013 | 12:27pm ET
The global hedge fund industry was more than $6 billion smaller at the end of August than at the beginning.
The drop was fueled by another losing month for hedge funds, which fell an average of 0.32% last month, according to Eurekahedge. Still, that was far better than the broader markets, which fell by more than 2%, according to the MSCI World Index.
Indeed, Eureka's August report was peppered with positive spins on what has been a disappointing year for hedge funds. The company noted that event-driven funds returned 0.95% in August (5.7% year-to-date) and distressed debt funds 0.35%. Latin American funds rose 0.48%, Asia ex-Japan funds 0.13% and Japan-focused funds 0.11%.
And some hedge funds, at least, are doing very well: Eureka said it is tracking more than 600 funds with returns over 15% this year, and about 200 funds with returns in excess of 30%. In addition, some 500 new hedge funds have debuted this year.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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