Monday, 30 November 2015
Last updated 2 days ago
Jun 12 2008 | 2:00am ET
Most hedge fund strategies enjoyed an up May, according to the Dow Jones Hedge Fund Strategy Benchmarks.
Equity long/short funds were far and away the best performers on the month, rising 5.18%, Dow Jones said. The big returns pushed the strategy into the black for the year: It is now the second-best performing strategy of 2008 at 2.11%, behind event-driven funds, which are up 2.86% year-to-date after returning 1.58% last month.
Merger arbitrage funds rose 1.68% in May (up 1.46% YTD).
Three strategies remain in negative territory on the year. Convertible arbitrage remains this year’s laggard, down 5.93% in 208 after rising 0.72% last month. Distressed securities funds are down 3.72% after a 0.6% return in May. Equity market-neutral has the dubious distinction of being the only strategy to lose money last month, falling 0.07%, and is now down 0.54% year-to-date.
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…