Hedge funds likely lost about 2.6% in July, according to the latest version of the Credit Suisse/Tremont Hedge Fund Index.“We estimate the Credit Suisse/Tremont Hedge Fund Index will finish down 2.61% for July,” said Oliver Schupp, president of Credit Suisse Index Co., Inc. “While the largest losses occurred in the managed futures sector, down 4.20%, […]
Hedge funds had negative returns in July, but continue to perform favorably against equity indices on the year, according to Greenwich Alternative Investments.The Greenwich global hedge fund index (GGHFI) and the Greenwich composite investable index (GI2_ posted losses of 2.31% and 1.72% on the month, respectively. The S&P 500 total return index was down just […]
Hedge funds continue to play a big role in driving the growth of U.S. equity trading commissions, according to new research from Greenwich Associates.The commissions paid by the typical U.S. institution increased to just more than US$26 million in 2007-2008 from roughly US$24.7 million in 2006-2007. Powering much of this commission growth were hedge funds, […]
Credit crisis takes heavy toll on funds focused on fixed income
U.S. regulators and law enforcement brought charges against two former portfolio managers from Bear Stearns Asset Management over the collapse of their hedge funds last summer.The US Securities and Exchange Commission charged the fund managers with misleading investors about the financial state of the firm’s two largest hedge funds, and their exposure to subprime mortgage-backed […]
Fund management company Old Land to be restructured
Hedge funds outperformed equities in May, reports Greenwich Alternative Investments, LLC.
Hedge fund assets totaled US$2.85 trillion in the first quarter of 2008, down about 1.4% from the prior quarter, according to estimates from HedgeFund.net.HedgeFund.net reports that new allocations to hedge funds were an estimated US$53 billion during the quarter, but performance losses decreased assets by an estimated US$93.2 billion. As a result, total hedge fund […]
Credit Suisse has launched the first of planned series of indexes designed to replicate hedge fund strategies.The Credit Suisse Long/Short Equity Replication Index aims to capture the risk/return characteristics represented by the Credit Suisse/Tremont Long/Short Equity Hedge Fund Index. “The Long/Short Equity Replication Index allows our clients to participate in the performance of this rapidly […]
Hedge fund returns rebounded a bit in April, according to the Credit Suisse/Tremont Hedge Fund Index.The index rose 0.57% last month. “After a difficult first quarter for global financial markets, hedge funds rebounded in April, driven primarily by gains in the Long/Short Equity sector,” explained Oliver Schupp, president of Credit Suisse Index Co., Inc.“Stronger than […]