Friday, 27 November 2015
Last updated 15 min ago
Sep 12 2008 | 9:56am ET
Hedge funds’ continuing struggle this year is reflected in yet another index released this week.
Just two of the six Dow Jones Hedge Fund Strategy Benchmarks were in the black in August, and one of those just barely. Merger arbitrage funds returned 1.1% last month, leaving it the only strategy in positive territory year-to-date. Event-driven funds were effectively flat, rising 0.05% to bring its year-to-date loss to 2.06%.
Equity-market neutral funds dropped 3.22% (down 2.39% year-to-date). Convertible arbitrage and distressed securities funds are down 8.44% and 7.56%, respectively, on the year, and 0.77% and 0.94%, respectively, in August.
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…