Monday, 28 July 2014
Last updated 4 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…