Tuesday, 30 September 2014
Last updated 1 hour ago
Jul 16 2009 | 9:06am ET
It may not have been May, which most hedge fund indices say was the best month for the industry in nearly a decade, but hedge funds enjoyed broadly positive returns last month.
The four strategy benchmarks still calculated by the Dow Jones Hedge Fund Indices—two remain suspended—all finished the month in the black, although one, equity-market neutral, did so just barely at 0.06% and remains in the red year-to-date with a decline of 3.38%. It is also the only strategy to post a losing second quarter.
The rest of the remaining DJ indices enjoyed a somewhat more robust June. Event-driven funds added 1.81% (6.25% year-to-date), which merger arbitrage funds rose 1.22% (4.51% YTD). Equity long/short funds returned 0.98% on the month (0.83% YTD).
DJ’s convertible arbitrage and distressed securities indices, which it stopped calculating in January and May, respectively, remain suspended.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...