Wednesday, 1 October 2014
Last updated 7 hours ago
Aug 11 2014 | 6:20am ET
Last month was a difficult one for hedge funds, with the average industry player earning a rare win against the broader markets, but losing ground all the same.
The Greenwich Global Hedge Fund Index fell 0.33% on the month, Greenwich Alternative Investments said. That’s substantially less than the Standard & Poor’s 500 Index lost in July, but the hedge-fund benchmark remains behind the broad-market one with just a 2.74% return in 2014.
Event-driven funds suffered the most in July, falling 1.23% (up 3.35% year-to-date). Long/short credit funds dropped 0.65% (up 4.17% YTD), equity market neutral funds 0.55% (up 1.38% YTD), long/short equity funds 0.44% (up 3.3% YTD) and futures funds 0.43% (up 0.05% YTD).
Arbitrage funds gained ground last month, rising 1.3% (4.98% YTD), as did multi-strategy funds (up 0.38% in July, 3.33% YTD) and macro funds (0.07%, 1.29% 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…
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