Tuesday, 24 November 2015
Last updated 21 hours ago
Jan 15 2008 | 8:30am ET
Hedge funds returned 11.15% last year, Greenwich Alternative Investments said. The Greenwich Global Hedge Fund Index added 0.61% in December.
“Hedge funds have demonstrated their resilience to downward moves in the equity markets,” Ben Rossman, senior vice president, said. “Hedge funds outperformed the S&P500 by more than 5.5% in 2007 through a combination of capturing market upside and protecting against downside. This is hedge funds’ highest level of outperformance since 2002, when the S&P500 was down more than 22% and hedge funds ended the year near flat, dropping less than 1%.”
The Standard & Poor’s 500 Index rose 5.49% last year.
Investable hedge funds did not fare nearly so well. The Greenwich Composite Investable Index added 3.61% in 2007, after a 0.27% December return.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…