Wednesday, 22 October 2014
Last updated 1 hour ago
Dec 3 2007 | 7:42am ET
It scarcely seems possible, but last month may have been worse for hedge funds than subprime-scarred August, according to early figures from Hedge Fund Research.
Investable hedge funds on average lost 2.78% in the first 28 days of November. While overall hedge fund indices tend to outperform the investable universe, the returns indicate that hedge funds could suffer their second decline of more than 2% this year. If they do, August and November 2007 would be the only two such months recorded by HFR since April 2000.
The worst-performing strategy last month was long/short equity, which declined 4.34%, followed by event-driven funds, which were down 3.67%. Convertible arbitrage funds fell 2.84%.
All investable hedge fund strategies tracked by HFR were in negative territory, with the strongest result coming from distressed debt funds, which lost a mere 0.56%.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...