A number of once-high-flying stock hedge funds have racked up a second consecutive year of losses erasing billions of dollars of clients' wealth in the process, according to a report by Bloomberg.
The SS&C GlobeOp Hedge Fund Performance Index measured -0.09%, for November, according to the latest figures from SS&C Technologies Holdings.
This year's big interest rises have set bond and currency trading macro hedge funds on course to record their best annual gains since the global financial crisis in 2008, according to a report by the Financial Times.
October redemptions from hedge funds outpaced subscriptions by -$52.97 billion, resulting in a 1.12% contraction of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge.
Winning bets on the lithium sector have helped Vivid Capital, a small, a relatively new, hedge fund firm, chalk up gains of 39% this year up to the end of November, according to a report by Reuters.
The hedge fund industry was up 3.46% in November, according to the Barclay Hedge Fund Index compiled by BarclayHedge, trimming YTD losses to -6.51%, as many funds rode the swell of bullish sentiment in both equity and fixed income markets that continued throughout the month.
Hedge funds cut the their bets on rising US interest rates while upping their bearish bets agains the US dollar ahead of the Federal Reserve's last policy meeting, according to a report by Reuters.
iM Global Partner (iMGP), a worldwide asset management network, and Dynamic Beta investments (DBi), a New York-based hedge fund replication specialist, have marked the third anniversary of the iMGP DBi Hedge Strategy ETF (DBEH).
Pictet Asset Management has expanded its $11 billion actively managed Total Return franchise with the launch of the Pictet Total Return-Lotus fund, an event-driven, special situations Asia equity fund.
Big name quant hedge fund firms including AQR Capital Management, Man Group and Aspect Capital are on course for record annual returns this year on the back of the ongoing market turmoil that has caused big problems for traditional stock and bond managers, according to a report by Bloomberg.