Thursday, 2 October 2014
Last updated 26 min ago
Oct 3 2008 | 2:56pm ET
The numbers are not in yet, but the Hennessee Group said today that hedge funds will likely experience their worst month in over a decade.
Charles Gradante, managing principal, said the average hedge fund is expected to be down between 5% and 9% for the month.
The Hennessee Group attributes hedge funds’ poor performance to the ban on short selling, credit restrictions and counterparty concerns, fear, and reduced net and gross exposures.
“The significant losses in September for the hedge fund industry are disappointing, but we feel that funds performed as expected as they outperformed the broad equity markets on a relative basis,” said Gradante.
However, Gradante remains optimistic overall.
“This could be one of the best buying opportunities for hedge funds in a decade,” he said.
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...