Hedge funds continued their winning run, gaining a modest 0.09% on the week ending October 21 and 1.28% MTD, according to analysts at Merrill Lynch. Performance remains robust after a strong Sept (2.5%) with all strategies we track on a daily basis positive MTD.
Hedge funds have already gained for 7 straight months and are up 14.5% YTD. At the current pace they are on target for an annualized return of 19% -- the best this decade. See the full BofA/Merrill Lynch Hedge Fund Monitor below.
BofA - Merrill Lynch Hedge Fund Monitor Oct. 26, 2009
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
Ireland has launched the EUR 26 million ($40 million) Bank of Ireland Seed and Early Stage Equity Fund to invest in startup and early stage companies. More...