Saturday, 30 August 2014
Last updated 22 hours ago
Jul 17 2008 | 9:11am ET
Hedge funds suffered through their worst-ever first half this year, so it’s not too surprising that investors headed for the door.
Investors pulled some $1.1 billion from the industry during the year’s first five months, according to Morningstar.
Equity strategies, among the hardest-hit in terms of returns, were hit with $14.6 billion in outflows through May.
On the other hand, global trend hedge funds added $6 billion and global non-trend funds $2.4 billion, Morningstar reports.
“Volatility returned to levels not seen since March amid fears of recession and rising inflation,” Nadia van Dalen, a Morningstar analyst, said. “Most hedge funds are not immune to these economic shocks, despite what their name might imply.”
Separately, International Financial Services London reports that last year were better times, as industry assets rose 30% to £1.1 trillion (US$2.2 trillion). Still, there were ominous signs even amid that good news: The IFSL report said most of the growth took place during the first three quarters of 2007, with inflows slowing in the fourth quarter.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...