Thursday, 2 October 2014
Last updated 13 hours ago
Sep 9 2008 | 12:36pm ET
Hedge funds saw their dismal 2008 continue in August, leaving the average hedge fund down about 5% on the year, according to a pair of indices from Hedge Fund Research.
The HFRI Fund Weighted Composite Index lost a further 1.37% last month (down 4.83% year-to-date), while the HFRX Global Hedge Fund Index shed 1.28% (down 5.05% YTD). The latter’s subindices show just one strategy, merger arbitrage, in the black last month at 0.56% (up 3.4% YTD), while the former shows just five of its 22 substrategies enjoyed a positive return in August.
Macro funds were among the worst performers in both sets of indices, with the HFRX Macro Index falling 3.94% in August (up 3.47% YTD) and the HFRI Marco (Total) Index dropping 1.16% (up 2.57% YTD). But macro’s woes are nothing compared to the pain being felt by emerging markets investors this year.
Last year’s top-performing strategy is down 14.48% in 2008 after plummeting 5.02%, according to the HFRI indices. Emerging markets funds around the world are suffering, none more so than Russia and Eastern Europe funds, which lost 9.39% last month (down 19.45% YTD).
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...