Tuesday, 30 September 2014
Last updated 3 hours ago
May 7 2008 | 2:00am ET
Most investable hedge funds posted gains last month, according to new figures from Hedge Fund Research.
Overall, investable funds returned 1.2% in April, cutting their year-to-date loss to 1.62%. Equity hedge and relative value arbitrage funds led the way, with the former rising 2.4% to halve its year-to-date decline (now 2.5%) and the latter gaining 1.55%, though it remains down 6.6% on the year.
Event-driven funds added 1.16% in April (down 2.13% YTD), while equity-market neutral funds returned 1.03% (up 1.06% YTD) and merger arbitrage funds rose 0.97% (up 1.21% YTD).
In the red column were distressed securities (down 0.88% in April and 3.16% YTD), convertible arbitrage (down 0.83% in April and 6.72% YTD) and macro (down 0.65% in April but up 8.58% on the year, the best of any strategy).
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...