November Could Be Worse Than August, HFR Says

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%.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Strippers Accused Of Robbing Hedge-Fund Manager Face Jail

Oct 20 2014 | 9:20am ET

A group of alleged stripper-thieves—whose victims include a hedge-fund manager...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    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…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

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 ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.