Thursday, 23 October 2014
Last updated 24 min ago
Feb 17 2009 | 1:32am ET
A quartet of hedge fund indices showed decidedly mixed results for the industry in January.
The BarclayHedge Fund Index shed 0.26% last month, Iowa-based BarclayHedge said. On the bright side, 11 of the 18 strategies tracked by the data provider gained ground in January, led by convertible arbitrage funds, which returned 5.59%, and equity short-bias funds, which rose 3.44%.
On the other side, emerging markets funds lost 2.63% and equity long-bias funds fell 1.12%.
RBC Capital Markets’ RBC Hedge 250 Index, by contrast, rose 1.46% last month, according to estimated returns. Likewise the Lyxor Hedge Fund Index, which returned 1.53% in January.
The top-performing strategy in the Lyxor index was fixed-income arbitrage, which returned 4.19%, followed by special situations (up 4.08%) and short-term CTAs (up 3.3%). Like the BarclayHedge Index, emerging markets funds were the worst-performing strategy, down 2.99%. Other losers included equity short-bias (down 2.32%) and equity long-bias (down 2.06%).
Meanwhile, Down Under, hedge funds inched up to begin the New Year. The Australian Fund Monitors Index added 0.7% in January, led by real-estate, managed-futures and currency funds. Real estate funds returned 3.34%, managed futures 3.18% and currency and foreign exchange funds 2%. On the other side, equity 130/30 funds lost 4.4%.
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…
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