Jun 30 2006 | 3:30pm ET
By Rajeev Baddepudi, Eurekahedge
Introduction North American hedge funds have actually turned in the best (or rather the least negative, at -0.6%) returns among all the regional sub-indices, in a month that saw all the regional indices in negative territory. Looking at the breakdown of these returns by strategy, it is clear that equity long/short (-1.9%) and macro (-1.6%) funds were the major contributors to the month's dip.
The magnitude of the pullback (the S&P 500 and NASDAQ returned -6.5% and -3.1% respectively), the risk aversion implied by heightened volatility, and the fact that small-cap stocks were hit worse than large caps (the returns of the Russell 2000 Value and Growth Indices were -4.14% and -7.04%, respectively), all seemed to have conspired against these two strategies in the North American markets.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…