Wednesday, 1 October 2014
Last updated 8 hours ago
Dec 16 2009 | 12:58pm ET
Hedge fund assets under management may be rising, but it’s not thanks to the funds of hedge funds.
Investors have pulled more than one-quarter of their assets from funds of funds this year, according to Eurekahedge. The $164 billion in net redemptions suffered through the first 11 months of this year makes 2009 an even worse year for funds of funds than last year.
Fund of hedge funds now manage just $440 billion, down from $823 billion just 18 months ago. Worse still for that industry, its underperformance relative to overall hedge fund performance is growing: Hedge funds have returned nearly 20% this year; funds of funds are up about half that.
The huge loss of assets has not exactly led to a mass die-off of funds of funds, however. According to Eurekahedge, their number has fallen by only 15% over the past two years, to 3,110.
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...