Wednesday, 1 October 2014
Last updated 6 hours ago
Dec 17 2013 | 12:08pm ET
Hedge funds again failed to match the return of the broader markets in November, rising 1.31% on the month, according to Credit Suisse.
The Credit Suisse Hedge Fund Index rise last month compares unfavorably with the Standard & Poor's 500 Index, which rose 2.8% in November and which is up 26% on the year. By contrast, the Credit Suisse index is up 8.43% in 2013, with just one month to go.
Equity market neutral funds did best in November, with a 2.59% average return (7.87% year-to-date). One of the year's hardest-hit strategies, managed futures, followed at 2.09% (down 2.66% YTD).
Long/short equity funds added 1.85% (15.65% YTD), event-driven multi-strategy funds 1.74% (13.62% YTD), event-driven funds 1.68% (13.64% YTD), distressed funds 1.55% (13.79% YTD), emerging markets funds 1.08% (7.44% YTD), global macro funds 1.03% (3.59% YTD), multi-strategy funds 0.86% (9.44% YTD), fixed-income arbitrage funds 0.5% (3.61% YTD) and risk arbitrage funds 0.1% (4.48% YTD).
Dedicated short-bias funds continued to rack up the losses in November, falling 1.49% (down 24.36% YTD). Convertible arbitrage funds also lost ground, dropped 0.2% (up 5.47% 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…
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…
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