Saturday, 28 November 2015
Last updated 10 hours ago
Feb 5 2014 | 8:29am ET
Hedge funds sank in January, weighed down by stock prices, which dropped even more, according to an industry replication index.
The Credit Suisse Liquid Alternative Beta Index fell 0.94% last month, as the Standard & Poor's 500 Index dropped 3.5%. Four of the five strategies tracked by the LAB suite lost ground, "led" by managed futures, which fell 3.45% on the month.
The long/short LAB index dropped 1.76% in January, global strategies fell 1.18% and merger arbitrage was off by 0.92%.
The only strategy to post a winning January was 2013's best performer, event-driven, which rose 0.18% on the month.
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…