Thursday, 30 October 2014
Last updated 13 min ago
Feb 12 2009 | 2:05am ET
Most hedge funds gained ground in January—their second straight positive month—to get 2009 off on the right foot.
The Eurekahedge Hedge Fund Index, which fell by 12% last year, rose 0.5% last month, according to preliminary returns. Eight of the nine strategies tracked by Eureka rose in January, led by arbitrage funds at 2.3% and distressed debt at 1.7%. The only strategy index in the red last month was down 0.8%.
Regionally, North American hedge funds rose 1.3%, Latin American funds 1% and European funds 0.5%, while Asia funds lost 0.5%, Japanese funds 1.5% and Eastern European and Russian funds 7.6%.
The good news, however, may be short-lived. Just over one-third of the funds in Eureka’s index have reported, and poorer performers tend to report later. The final report is due next week.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.