Tuesday, 21 October 2014
Last updated 10 hours ago
Dec 3 2013 | 1:33pm ET
When the news has been as bad as it has been for foreign exchange hedge funds, any bit of positive spin is worth celebrating.
So it is with the Parker Global Index in October, when the currency hedge fund benchmark inched up 0.32%. That's not much to speak of, given that the average hedge fund added about 1.5% that month, and the Standard & Poor's 500 Index rose about 4.5%. But in a year that has the Parker index down 0.74% and that has seen much larger losses by some of the industry's biggest currency names, it's something.
Systematic currency funds did best in October, rising 0.6%. Discretionary managers had to make do with an average return of just 0.04%, which, if nothing else, is not a loss.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...