Saturday, 25 October 2014
Last updated 17 hours ago
Sep 18 2007 | 2:21pm ET
Emerging markets has been the top-performing strategy among hedge funds this year, and an awful August hasn’t changed that.
The strategy took the biggest tumble among Hedge Fund Research’s HFRI Indices, dropping 2.52% on the month. But it’s still far and away the best strategy year-to-date; at 15.02%, its return is more than twice the next-best strategy.
Overall, the HFRI Fund Weighted Composite Index fell 1.32% (up 6.17% YTD), with just one strategy subindex in positive ground: merger arbitrage, which was essentially flat with a 0.07% return (5.66% YTD). Other big losers include macro (down 1.99% in August, up 4.35% YTD) and equity hedge (down 1.63%, up 6.56% YTD).
Funds of funds fared no better than their constituent parts. The HFRI Fund of Funds Composite Index dropped 2.01% (up 6.02% YTD). Market defensive (down 2.51% in August, up 3.18% YTD) and strategic (down 2.25%, up 7.25% YTD) funds of funds were the hardest hit.
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.