Saturday, 21st November 2009

 

7 August 2009 - Press Briefing

Managed-futures funds struggle amid lack of clear trends

So-called trend-chasing hedge funds, which posted a stellar average return of 18% last year bucking an industry-wise decline of more than 19%, are struggling this year amid a lack of clear trends, data from Hedge Fund Research has shown, according to a report in The Wall Street Journal.

The managed-futures funds, which last year capitalised on clear trends up or down in several markets - including the surge-and-drop of oil prices and the plunge in equities - are down 3% for the first half of this year, even as hedge funds overall gained over 9%, HFR said.

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Brummel

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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