Tuesday, 1 December 2015
Last updated 7 hours ago
Dec 10 2008 | 2:21am ET
Another day, another hedge fund index bleeding red ink: This time, it’s the Greenwich Global Hedge Fund Index, which fell for the fifth straight month in November, leaving it down an estimated 16.11% for the year.
Based on preliminary results from Greenwich Alternative Investments, hedge funds shed 1.13% last month. Long/short equity funds lost 2.55% (down 22.42% year-to-date), specialty strategies lost 2.03% (down 25.84% YTD) and market-neutral funds lost 1.27% (down 12.56% YTD), while directional trading funds manages a 2.34% gain (up 8.42% YTD).
“Although hedge funds declined during the month of November, they did a better job on average of protecting investor capital than in prior months,” Greenwich AI’s Margaret Gilbert said. “While we are seeing further dislocations in fund that trade in less liquid securities, the majority of hedge fund strategy groups seem to have stabilized.”
Investable hedge funds were down 2.05% in November.
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…