Tuesday, 21 October 2014
Last updated 4 hours ago
Mar 6 2009 | 1:10am ET
Hedge funds returned to their losing ways in February, dropping 0.38% last month after breaking their losing streak in January.
The decline in the HFRX Global Hedge Fund Index cut its year-to-date return to 0.71%. Five of the eight HFRX strategy indices were in negative ground last month, “led” by distressed securities, which lost 2.06% (down 2.51% YTD). Other losing strategies included equity hedge funds (down 1.28% in February, up 1.42% YTD) and equity-market neutral (down 0.95%, down 0.95% YTD).
Convertible arbitrage funds, one of last year’s biggest losers, rose 2.15% last month, bringing its early year-to-date return to 8.18%. Relative value arbitrage funds rose 0.49% (up 2.84% YTD) and merger arbitrage funds rose 0.44% (up 0.76% YTD).
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 ...