Tuesday, 30 September 2014
Last updated 3 hours ago
Jan 16 2008 | 6:44am ET
Investable hedge funds enjoyed an average return of more than 8% last year, easily topping the broader markets, according to preliminary numbers from RBC Capital Markets.
The RBC Hedge 250 Index added 0.5% last month to reach 8.27% for the year. The Standard & Poor’s 500 returned just 5.49%.
The strongest-performing strategy tracked by RBC in 2007 was equity long/short, which returned 12.83% last year (1.09% in December). It was closely followed by managed futures, which added 11.65% (0.11% in December).
Convertible arbitrage was the only RBC strategy in the red last year, declining 0.09%, after a 1.21% drop in December wiped out its year-to-date gains.
Fixed-income arbitrage returned 8.22% in 2007 (1.21% in December), equity-market neutral 7.28% (down 0.65% in December) and macro 4.06% (1.88% in December).
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...