Monday, 30 November 2015
Last updated 2 days ago
Feb 18 2009 | 1:05am ET
Hedge funds bucked their recent track record and a dismal January for stocks to post broadly positive returns last month, according to the Credit Suisse/Tremont Hedge Fund Index.
The index rose 1.09% in January after shedding 19.07% last year. Nine of the twelve strategies tracked by the Credit Suisse Index Co. gained ground last month.
“Hedge funds showed signs of a rebound last month, finishing up over 1% despite U.S. equity markets experiencing the worst January in recent history. Convertible Arbitrage managers, in particular, posted positive performance, benefiting both from improved credit markets and overall increased buying interest in the space.” Oliver Schupp, president of the CS Index Co., added, “Global Macro managers also did well last month as market volatility created favorable trading opportunities.”
Convertible arb. funds, last year’s worst-performing strategy with a 31.59% loss, returned 5.72% in January. Dedicated short bias funds added 3.59% and multi-strategy funds added 3.35%.
Strategies on the losing side included managed futures, down 0.56%, long/short equity, down 0.17%, and emerging markets, down 0.14%.
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…