Wednesday, 1 October 2014
Last updated 26 min ago
Apr 24 2009 | 9:53am ET
By Ankur Samtaney, Eurekahedge Analyst -- The Eurekahedge North American Hedge Fund Index rose a healthy 1.5% in 2009, on the back of sharp reversals in the underlying markets.
Equities rallied strongly during the month from their recent multi-year lows, owing to the Fed’s intervention and the news of some large banks having been profitable in early 2009; the S&P 500 finished the month up 8.5%. Against this backdrop, regional long/short managers finished the month up a solid 2.7%, on average, making most of their gains from long positions during the month. However, while a number of managers repositioned their portfolios to benefit from the bear market rally, some other cautious and conservatively positioned managers finished the month flat to negative.
CTA/managed futures funds, on the other hand, finished the month down 2.5%, on average. While some managers benefited from the upturn in crude oil and energy prices, sharp trend reversals in the underlying markets took a toll on the performance of trendfollowing strategies during the month.
Download: The Eurekahedge North American Hedge Fund League Tables (PDF)
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…
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