Tuesday, 21 October 2014
Last updated 2 hours ago
Jan 16 2007 | 2:01pm ET
The Credit Suisse/Tremont Hedge Fund Index was up 1.83% in December, finishing the year with a total return of 13.86%, according to Oliver Schupp, President of the Credit Suisse Tremont Index.
“A stronger than expected year was experienced as a favorable market environment drove the majority of hedge fund strategies to produce positive end of year results,“ he said. “Record highs in global markets and mergers and acquisition activity along with a stronger than expected earnings season, a pause in the continual increasing of interest rates by the Federal Reserve, high energy prices and volatility fluctuations were positive contributors to hedge fund performance for 2006.”
Emerging markets gained the most in 2006, returning 20.49% for the year, while event-driven strategies were also strong, returning 15.73%. Meanwhile, the worst performers in the Credit Suisse Tremont Index was dedicated short bias, which returned -6.61% for the year.
“Global equity markets rallied in December as investors gained confidence that the global economy will continue to grow in 2007 in part from indications that the housing market would stabilize and from the US dollar gaining slightly against the EUR and Yen,“ said Schupp. “Overall, this favorable market environment bolstered performance and the majority of hedge fund sectors ended December on a positive note with the Managed Futures sector as the best performing sector in December, up 4.05% and the Emerging Markets sector as the best performing sector for 2006 up 20.49%.”
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...