Monday, 30 November 2015
Last updated 2 days ago
Jan 4 2007 | 11:24am ET
If your hedge fund manager offered you a 10% return for 2007 right now, would you take it? If Citigroup Alternative Investments is right, it might not be such a bad bet.
In a note, the group predicts that hedge funds will average 10% returns after fees, Reuters reports, better than most indices did last year, but trailing the Standard & Poor’s 500’s 13.6% return.
“The significant capital in the hand of private equity funds should be supportive for event-driven and merger-focused managers,” fund of hedge funds chief investment officer Ray Nolte wrote. Citigroup recommends long/short, global macro, managed futures and relative-value arbitrage strategies, as well.
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…