Friday, 24 October 2014
Last updated 3 hours ago
Jun 16 2014 | 10:23am ET
Single-manager hedge funds added 1.25% in May while funds of funds added 1.38%, according to new data from Preqin.
Last month's gains put hedge funds up 2.50% year to date and funds of funds up 1.51%.
All strategies tracked by Preqin ended May in the black, led by activist funds, up 1.84% (3.36% YTD); followed by volatility funds, up 1.64% on the month (3.05% YTD); macro funds, up 1.51% (1.55% YTD); multi-strategy funds, up 1.29% (2.76% YTD); long/short funds, up 1.25% (2.10% YTD); relative value funds, up 1.15% (3.10% YTD); and event-driven funds, up 1.04% (4.37% YTD).
Systematic funds—up 2.08% in May, 2.75% YTD—outperformed discretionary funds which added 1.25% in May (but are up 2.94% YTD).
In regional terms, emerging markets, up 2.91% on the month (2.90% YTD) led developed markets, up 0.93% on the month (3.33% YTD).
European funds (up 1.42% in May) outperformed Asia-Pacific funds (up 1.02%) and North American Funds (up 0.75%). European funds also led in YTD terms, up 4.22%, followed by North American funds (up 3.75%) and Asia-Pacific funds (up 0.34%).
UCITS hedge funds were up 1.46% in May (1.90% YTD) and CTAs added 0.43% (0.54% 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…
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