Monday, 30 November 2015
Last updated 1 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.
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…