Saturday, 28 November 2015
Last updated 23 hours ago
Oct 21 2013 | 1:34pm ET
Commodity hedge funds took a big hit in the third quarter, as poor performance and investor redemptions hammered the sector.
Commodity managers lost $1.6 billion in assets on the quarter, cutting their total by some 5.6%, according to Hedge Fund Research. All told, the sector now manages $26.5 billion.
Such funds have been burned by low volatility—due in no small part to central-bank quantitative-easing programs—and falling commodity prices. In addition, two of the largest funds in the second, Arbalet Capital and Clive Capital, announced that they would close their doors and return money to investors in September.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…