Tuesday, 31 March 2015
Last updated 2 hours ago
Dec 12 2006 | 10:09am ET
A hedge fund index has finally beaten the Standard & Poor’s 500, at least for a month.
Early estimates from HedgeFund.net show its HFN Hedge Fund Aggregate Average and HFN Fund of Funds Aggregate Average, as well as most of their subindices, bested the S&P in November, the former returning 2.18% and the 1.79% to the S&P500’s 1.65%. But on the year, the broad-market S&P is still tops at 12.2%, while the hedge fund index lags at 10.65% and the fund of funds index at 7.92%.
However, as an equal-weighted index, HFN’s numbers are known to skew towards younger, smaller and historically better performing hedge funds.
That said, November’s numbers already have HFN’s indices above their full-year returns for 2004 and 2005. The month was particularly kind to the HFN Energy Sector Average, which rose 4.76% on the month (14.89% year-to-date) on the back of rising oil and gas prices. CTA/managed futures enjoyed strong returns, as well, at 3.05% in November (6.94% on the year), along with emerging markets (2.87% in November, 17.96% YTD) and HFN Asia regional average (2.7%, 7.17% YTD).
The only strategies lagging the S&P last month were convertible arbitrage, up just 0.8% (but 11% YTD), equity market-neutral (1.1%, 6.02% YTD) and macro (1.45%, 7.85% YTD).
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…