Sunday, 29 November 2015
Last updated 1 day ago
Jan 8 2014 | 12:27pm ET
Hedge funds returned 8.99% last year, according to a widely-followed industry index.
December's Santa Claus rally failed to lift the Greenwich Global Hedge Fund Index into double-digit territory. The benchmark rose just 0.94% on the month, which saw the Standard & Poor's 500 Index rise 2.53%.
For the year, the S&P500 was up more than 30%.
Long/short equity was the best-performing strategy of 2013, adding 14.41% on the year, according to Greenwich Alternative Investments. Event-driven funds came in second at 14.04% but was the best strategy in December, up 1.34%.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…