Tuesday, 21 October 2014
Last updated 3 hours ago
Jun 11 2008 | 11:25am ET
Too little, too late: Hedge funds rebounded in April, but investors still fled the asset class in the biggest outflow the industry has suffered in more than six years.
Investors yanked $5.9 billion from U.S. hedge funds in April, according to new data from TrimTabs Investment Research and BarclayHedge. The outflow was the industry’s first since December 2005, and the biggest since October 2001.
Investors punished single-manager funds especially, pulling $9.4 billion. Funds of hedge funds, for their part, won $3.5 billion in new money.
“April’s outflow from hedge funds was not surprising because hedge funds underperformed the S&P 500 in both March and April,” Sol Waksman, CEO of BarclayHedge, said. “Market volatility and weak inflows into funds of hedge funds suggest hedge fund flows were also depressed in May.”
Hedge funds took in $41.2 billion in new money in the first quarter.
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…
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 ...