Tuesday, 16 September 2014
Last updated 11 hours ago
Oct 15 2008 | 12:33pm ET
Barring a major turnaround in the next three months, there won’t be much to cheer about in hedge fund land. Just three of the 13 strategies tracked by the Credit Suisse Index Co. are in positive ground for the year; all lost ground last month, one of the worst in the history of the hedge fund industry.
Overall, the Credit Suisse/Tremont Hedge Fund Index is down 9.87% on the year after dropping 6.55% last month.
The worst-performing strategy by far is convertible arbitrage, which plummeted 12.26% in September, leaving the strategy down 19.45% on year. Other dismal performances were turned in by emerging markets funds (down 8.93%, up 18.07% year-to-date), long/short equity funds (down 7.81%, down 13.28% YTD), fixed-income arbitrage funds (down 6.8%, down 11.57% YTD) and global macro funds (down 6.63%, down 2.07% YTD).
Managed futures funds are up 6.7% on the year after shedding 0.57% last month, the best performance of any CS index. Dedicated short bias and equity market-neutral funds are also up in 2008, at 3.4% (down 6.08% in September) and 1.67% (down 1.41% in September), respectively.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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