Sunday, 21 December 2014
Last updated 8 hours ago
Sep 16 2013 | 12:23pm ET
Despite an effort to cut risk, Bridgewater Associates' All Weather Fund extended its losses in August.
The $70 billion risk-parity hedge fund shed a further 1.4% last month and is down about 7% on the year, Reuters reports. The huge fund lost 8.4% in the second quarter, including a 6.22% drop in June.
Bridgewater rejiggered the fund's models in the second quarter after determining that the strategy was too vulnerable to interest-rate volatility. The changes were the first major alterations to the strategy since it launched in 1996.
All Weather aims to return 5% to 7% above cash per year, and returned 14.7% last year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.