Hedge funds shake summer doldrums

September hedge funds recovered from a sickly August to generate positive returns of 0.85% net of fees for investors.
OCT 01, 2007
By  Bloomberg
September hedge funds recovered from a sickly August to generate positive returns of 0.85% net of fees for investors. In August, almost every hedge fund strategy lost money, according to Financial News. This month, however, Hedge Fund Research, a Chicago-based data provider, reported that through Sept. 26, its investable index showed that six of its eight strategies profited, Financial News reported today. The top two performers were global macro and managed futures with a 3.24% return, and convertible arbitrage with 2.34%. The two losing strategies were equity market neutral funds, down 1.48%, and distressed securities funds, down 0.62%, Financial News reported.

Latest News

Advisor moves: RIA Farther hails Q2 recruiting record, Raymond James nabs $300M team from Edward Jones
Advisor moves: RIA Farther hails Q2 recruiting record, Raymond James nabs $300M team from Edward Jones

With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.

Insured Retirement Institute urges Labor Department to retain annuity safe harbor
Insured Retirement Institute urges Labor Department to retain annuity safe harbor

A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.

LPL Financial sticking to its guns with retaining 90% of Commonwealth's financial advisors
LPL Financial sticking to its guns with retaining 90% of Commonwealth's financial advisors

"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.

Mercer Advisors expands in Florida with $1.2B AUM next-gen team
Mercer Advisors expands in Florida with $1.2B AUM next-gen team

It's the mega-RIA firm's third $1B+ acquisition in just three months.

WisdomTree to acquire $1.85B AUM specialist asset manager
WisdomTree to acquire $1.85B AUM specialist asset manager

The deal marks a strategic entry into private asst markets for the ETP, ETF innovator.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.