Thursday, 23 October 2014
Last updated 2 hours ago
Jun 24 2008 | 2:00am ET
Asian hedge funds are doing better, and investors are rewarding them, according to a new study from Greenwich Associates.
Some 63% of Asia-Pacific hedge funds boasted returns of better than 10% last year. That’s roughly the same portion as in 2006, when 62% enjoyed double-digit returns. But it’s substantially better than its counterparts in other regions of the world.
Just over half of U.S. hedge funds returned in excess of 10% last year, down from 64% the year before. In addition, more than one in 10 U.S. hedge funds posted a negative return in 2007. European hedge funds did even worse: Only 46% were in double-digits last year, a feat achieved by 53% in 2006.
The strong performance kept investors happy: Net annual redemptions from Asian hedge funds were just 15% last year, down from 22% a year earlier. By contrast, the European and U.S. suffered roughly 25% net redemptions.
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…
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