Thursday, 26 March 2015
Last updated 2 hours ago
Apr 23 2009 | 7:42am ET
Similar to February’s performance pattern, March ended in negative territory for many managed futures managers. The sub-strategy fell 0.43% on the month, and is down 2.91% since the beginning of the year, almost matching the negative return posted in first quarter 2007.
Reversing the gains of the previous two months of the year, managers with assets in excess of US$45 million posted worse-than-average returns in March, dropping 1.53% month on month—110 basis points below the average reading for the strategy, according to Lipper Tass.
Systematic diversified managers struggled in March, failing to participate in a systematic way in market movements built on buy-and-sell signals. The U.S. Federal Reserve’s determination to implement quantitative easing measures and the materialization of details on the U.S. fiscal stimulus plan and financial market support contributed to reversing trends in a number of asset classes.
Systematic managers were caught on the wrong trend side in the second half of March as risk appetite drove the upturn in the global stock markets. The corporate sector also benefited from this trend. Conversely, discretionary traders posted positive returns during the month. Algorithmic trading and high-frequency-trading strategies suffered because of large non-directional volatility changes.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…