Tuesday, 1 December 2015
Last updated 9 hours ago
Apr 17 2009 | 9:55am ET
Another set of hedge fund indices show that investors would have been better off with a stock index mutual fund last month.
The Lyxor Global Hedge Fund Index dropped 0.38% in March, one of the few hedge fund indices to actually lose ground on the month. In the first quarter, the index rose 0.42%.
Most hedge fund indices posted a return in excess of 1% last month.
Unsurprisingly, hedge funds going long last month had the best time of things, although they still failed to match the equities rally. Long-bias funds returned 4.3%, Lyxor said.
Up north, Canadian hedge funds failed to catch the rally wave, as well. The Scotia Capital Canadian Hedge Fund Performance Index rose just 1.39% in March, while the S&P TSX Composite Index soared 7.4%. Year-to-date, Canadian hedge funds are up 5.62%.
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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…