Thursday, 30 October 2014
Last updated 47 min ago
Nov 4 2013 | 11:48am ET
Hedge funds opened the fourth quarter with gains but once again failed to beat the broader markets, according to an industry replication index.
The Credit Suisse Liquid Alternative Beta Index rose 1.65% in October, while the Standard & Poor's 500 Index added about 4.75%. On the year, the hedge fund benchmark is up 6.01%—and the S&P500 23.5%.
Event-driven was the best-performing strategy in October, rising 2.42% (9.12% year-to-date), followed by long/short at 2.16% (7.08% YTD). Global strategies added 1.22% on the month (4.59% YTD).
Both merger arbitrage and managed futures lost ground last month, with the former down 0.36% (up 6.5% YTD) and the latter 0.47% (up 3.24% 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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.