Wednesday, 1 October 2014
Last updated 7 min ago
Aug 13 2009 | 12:06pm ET
Like their counterparts around the world, Australian hedge funds gained ground for the fifth straight month in July. And just like their global peers, they badly trailed the month’s equities rally.
Down Under hedge funds advanced 3.6% last month, according to early estimates from the Australian Fund Monitors Index. Aussie hedge funds are up 11.4% this year.
But the Australian stock market did better—much better—in July than did the country’s hedge funds: The S&P/ASX 200 Index rose 7.3% on the month. Unsurprisingly, this buoyed equity-based hedge fund strategies in a big way.
“Equity-based funds are just shy of recouping all their losses of the past 12 months,” AFM CEO Chris Gosselin told Bloomberg News.
Indeed, they even topped the equities markets, with equity long/short funds returning 7.9% in July. But contrast, equity income funds took a beating, dropping 6.4% on the month.
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...