Friday, 31 October 2014
Last updated 1 hour ago
Dec 4 2013 | 2:16pm ET
Hedge funds enjoyed modest gains in November, according to an industry replication index.
The Credit Suisse Liquid Alternative Beta Index rose 0.77% last month, bringing its year-to-date return to 6.83%. The Standard & Poor's 500 Index rose 2.8% in November and is up 26.6% in 2013.
Managed futures was far-and-away the best strategy tracked by the Credit Suisse indices last month, soaring 3.08% (6.41% year-to-date). No other strategy was up even 1% for the month; global strategies were second-best at 0.85% (5.48% YTD).
Event-driven funds added an average of 0.78% in November (9.97% YTD), long/short 0.5% (7.62% YTD) and merger arbitrage 0.3% (6.82% 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.