Thursday, 23 October 2014
Last updated 16 hours ago
Dec 6 2007 | 10:07am ET
November was bad, but not as bad as it seemed from early indicators, according to Dow Jones. To be sure, five of six of the Dow Jones Hedge Fund Strategy Benchmarks were in the red last month, but none was down as much as predicted.
Distressed securities funds were the worst off, dropping 2.25% in November (but up 0.94% year-to-date), followed by equity long/short, which was down 2.04%. Still, the latter remained the top-performing strategy tracked by Dow Jones with a year-to-date return of 18.05%.
The other losers include merger arbitrage (-1.51% in November, +16.54% YTD), event-driven (-1.39%, +5.91% YTD) and convertible arbitrage (-0.75%, + 2.97% YTD).
The only strategy in positive ground last month was equity-market neutral, which added 0.34%. Still, it remains the worst-performing strategy in 2007, with a year-to-date return of just 0.61%.
Preliminary figures from earlier this week indicated that hedge funds could be down by almost 3% last month.
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…
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