Thursday, 27 November 2014
Last updated 15 hours ago
Oct 29 2007 | 3:06pm ET
Subprime problems notwithstanding, the Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index withstood the worst of the summer swoon. The Credit Suisse Index Co. said the index fell 0.94% during the third quarter, in spite of the fact that seven of 10 constituent strategies posted losses during the quarter.
The Blue Chip Index, with its 60 constituent funds, is up 5.41% year-to-date.
“Hedge fund managers experienced a challenging third quarter due to the subprime market crisis, which resulted in only three of 10 hedge fund strategies producing positive quarterly results,” CS Tremont President Oliver Schupp said, referring to emerging markets (up 4.43% in Q3), fixed-income arbitrage (1.86%) and dedicated short-bias (0.88%). “July and August proved to be difficult months due to falling global equity markets, increased volatility, and a flight to liquidity and quality in financial markets.”
Among the losers, managed futures funds took the brunt of the downturn, dropping 3.88% in the quarter. Event-driven was down 2.07% and convertible arbitrage 2.01%.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...