Saturday, 21st November 2009

 

8 June 2009 - Press Briefing

Key hedge fund index posts biggest monthly gain in nine years

The hedge fund sector posted one of its strongest performances in almost a decade last month, with the HFRI Fund Weighted Composite Index registering its largest jump since February 2000 following a 5.2% gain, data from Hedge Fund Research showed, according to a report in The Sunday Telegraph, London.

The index is up more than 9% for the year thus far. Funds focused on energy and emerging markets were the top performers in May, with the concerned HFR indexes rising 9.6% and 9.7%.

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Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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