Tuesday, 21 October 2014
Last updated 10 hours ago
Nov 4 2008 | 1:30am ET
The economic turmoil has already claimed more than a few hedge funds. Now, it can add a pair of benchmarks and an index to the casualty list.
Dow Jones & Co. said that it has suspended the publication of two of its hedge fund benchmarks and it’s Hedge Fund Balanced Portfolio Index. The firm made the move after Lyra Capital, which provides the benchmarks’ methodology, asked some underlying hedge funds to deleverage. The result, according to Dow Jones, was that the delivered hedge funds no longer represented the strategies broadly.
“The decision to halt publication of the benchmarks is the result of the temporary measures taken by the investment manager of the managed account platform that supports the Dow Jones Hedge Fund Strategy Benchmarks and Dow Jones Hedge Fund Balanced Portfolio Index,” Dow Jones said in a statement. It added that the suspensions will last “until further notice.”
The two benchmarks affected are those covering equity long/short and equity market-neutral strategies, two of the six benchmarks that make up the suspended Balanced Portfolio Index.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...