Tuesday, 21 October 2014
Last updated 51 min ago
Jan 12 2009 | 10:49am ET
Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish up approximately 0.3% in December.
Investment activity in most hedge fund strategies was relatively quiet throughout the month as many managers maintained minimal risk exposures, according to Credit Suisse/Tremont. Ongoing deleveraging in 2008 by funds and investors resulted in an uncommitted pool of $9 trillion in cash that is waiting on the sidelines, as measured by the St. Louis Federal Reserve.
Persisting trends in bond and currency markets have resulted in gains for trend-following managers in the Managed Futures/CTAs and Global Macro strategies. Namely, yields fell following the Fed’s rate cut announcement, with U.S. 10-year notes touching 2.04% on Dec. 18, the lowest level since 1953 when records began.
Currency markets also experienced a shift as the U.S. dollar ended its 12 week rally with a 10% correction, sliding to a low of US$ 1.45 per Euro on Dec. 18.
Estimates are based on 74% of assets reporting; final December performance will be published January 15.
Credit Suisse/Tremont Hedge Fund Index Strategty Estimates*
|Credit Suisse/Tremont Hedge Fund Index||0.30%||-18.80%|
|Dedicated Short Bias||-2.55%||13.87%|
|Equity Market Neutral||1.89%||-39.44%|
|Event Driven Multi-Strategy||0.28%||-15.60%|
|Fixed Income Arbitrage||0.72%||-27.72%|
|Barclays Capital Aggregate Bond Index||6.21%||4.79%|
|DJ AIG Commodities Index||-4.48%||-35.65%|
*74% of funds reporting
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 ...