Wednesday, 1 October 2014
Last updated 14 hours ago
Jun 17 2014 | 3:30pm ET
Hedge funds rose 1.13% last month, more than doubling their year-to-date gains but still leaving them far behind the broader markets.
The Credit Suisse Hedge Fund Index is up 1.86% on the year after May’s gain, less than half the more than 4% return of the Standard & Poor’s 500 Index.
Managed futures funds did best in May, rising 3.09% to cut their average year-to-date loss to 0.92%. Long/short equity funds rose 1.51% (2.05% YTD), distressed funds 1.45% (4.95% YTD), emerging markets funds 1.35% (down 1.27% YTD), event-driven funds 1.07% (4.02% YTD) and global macro funds 1.02% (0.41% YTD).
Multi-strategy funds rose 0.89% (2.43% YTD), risk arbitrage funds 0.56% (1.85% YTD) and fixed-income arbitrage funds 0.45% (2.99% YTD).
Only three strategies lost ground in May: Short-bias funds shed 1.1% (down 1.65% YTD), convertible arbitrage funds fell 0.52% (up 2.27% YTD) and equity market neutral funds edged down 0.27% (down 1.22% 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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...