Hedge this irony...
Written by A Forex View From Afar on Friday, February 22, 2008Back to www.thelfb.com
Equity sell-offs in January brought red numbers to most indexes around the world. The Eureka Hedge Fund Index, an index which tracks 2,467 hedge funds across the world said they dropped 3.3% in January, the sharpest decline in assets since 2000.
The MSCI World Index is down 7.7% percent in January while reports made by Greenwich Alternative Investments shows world-wide funds are down on average 2.4%. Both of them show this was the biggest decline in 5 years.
The Hedge Fund Research showed stock-orientated Hedge Funds have lost 4.1% in January, being the biggest monthly lost in the last 7 years.
The source for this blog post was a Bloomberg article with the BIG news that hedge funds across the world lost money... at the end of the page there was a commercial saying "Advertisement: Top hedge fund managers reveal how they profit in good times and bad".
Oh yeah, how credible can this ad be now? They sure know what to do with money in bad times.
The other irony is us retail forex traders made money in January and we don't have any fancy-ad. TheLFB winning trades percentage in January was 70%.
Source:
Bloomberg: Hedge Funds Record Worst Month Since 2000 in January
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