Saturday, 1 November 2014
Last updated 18 hours ago
Nov 6 2013 | 2:12pm ET
Hedge funds posted modest gains compared to the broader markets in October, according to a leading industry index.
The Greenwich Global Hedge Fund Index rose an estimated 1.86% last month, as the Standard & Poor's 500 Index returned 4.46%. On the year, the hedge fund benchmark is up 7.36%; the S&P 500 is up more than 25%.
Each of the eight strategies tracked by Greenwich Alternative Investments were in the black in October. Long/short equity funds added an average of 2.18% (11.96% year-to-date) and multi-strategy funds rose 2% (5.32% YTD). Futures funds rose 1.9% (down 1.69% YTD), long/short credit funds 1.68% (5.19% YTD), macro funds 1.61% (3.93% YTD), event-driven funds 1.56% (11.24% YTD), equity-market neutral funds 0.9% (3.47% YTD) and arbitrage funds 0.8% (5.73% 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…
Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.