Saturday, 28 November 2015
Last updated 1 day ago
Jun 12 2009 | 12:12pm ET
If there’s one thing that hedge fund indices seem to agree on, it’s that hedge fund haven’t had a month like May in a very long time.
The latest to join the “best month in nine years” chorus is Eurekahedge. The Singapore-based data provider’s Eurekahedge Hedge Fund Index rose 5.2% last month, based on preliminary figures, its best since February of 2000. The index is now up 9.2% on the year.
And that’s not the only good news: Eureka said that hedge funds actually took in new money in May, the first time in 10 months that the industry has seen a net inflow. All told, $3.2 billion came into the industry last month against $1.7 billion in redemptions.
According to Eureka, it didn’t matter what you invested in or where you did it: All regional indices and strategy indices were in the black last month. Asian hedge funds were the best performers in May, rising 9%, followed by emerging markets funds a 8.5%, a record for the strategy.
Event-driven funds also did well, with a 7.2% return in May, as did long/short equity, which jumped 6.7%.
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…