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Hennessee Group
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Latest Headlines
Hedge funds still holding up better than stocks
Many hedge funds have taken their lumps recently. August was a terrible month. By one measure, the Hennessee Hedge Fund Index, funds on average declined 3.36 percent in August and are down 1.80 percent year to date on a net basis. The S&P 500, meanwhile, fell 5.68 percent in August and is down
Hedge funds fared well in 2010
Thanks to a decent run toward the end of the year, hedge funds fared decently in 2010. HedgeFund Intelligence's Global Composite Index rose 2.3 percent for December and rose 8.08 percent for the entire year. The Hennessee Group says the average fund in 2010 rose 10.2 percent. These calculations do
Hedge funds post losses in May, beat stock indexes
The cruelest month so far in 2010 was May. Hedge Fund Research's HFRI Fund Weighted Composite Index fell 2.26 percent in the month. The Hennessee Hedge Fund Index fell nearly 3 percent. In both cases, the monthly declines were the worst since the end of 2008. For the year, both indexes are up less
Hedge funds outperformed over past decade
Over the past 10 years, hedge funds have trounced the main stock indexes. According to the Hennessee Group, the Hennessee Hedge Fund index gained 88.3 percent from January 2000 to December 2009, while the S&P 500 declined 23.3 percent, the Dow Jones Industrial average fell 9.30 percent and the
Hedge funds and the December Effect
You've likely heard of the January Effect, that stock market old saw that holds that stocks tend to rise in January because people sold in December to lock in capital losses and seek to reinvest for the new year. The Hennessee Group has noticed something of a corollary: A December Effect, whic
Is the worst over for hedge funds?
We may get some additional spates of bad hedge fund news. But for the most part, more people are starting to feel that the worst may finally be over.
Case in point: Goldman Sachs Chief Financial Officer David Viniar said during a conference call with analysts and investors, "It feels like we a
How bad is it for hedge funds?
We knew that July and August were tough. But just how tough for hedge funds? The Hennessee Hedge Fund Index has fallen 4.1 percent year-to-date. In August alone, it fell .72 percent. The index has been positive in just three months this year. "This is the worst start to a year for hedge funds sinc
Long/short equity funds react to markets
One selling mantra of hedge funds is that they can generate gains when the market trades up, down or sideways. There's perpetually a lot of debate about that. But the Hennessee Group offers some interesting data. It says that while global equity markets have declined more than 20 percent from
