Automated Hedge Funds Suffer in May

Share |

Automated trading hedge funds lost in May as the commodities traded extremely volatile.

Gurgaon (I-Newswire) June 12, 2011 - The computer driven hedge funds which follow a trend for trading have suffered badly in May. The automated technology which is used by various hedge funds to catch a particular trend to trade, failed to deliver.

This May, oil lost $13 a barrel at one point on May 5 and the silver fell 12 percent on the same day, many funds were unable to recoup the heavy losses suffered in the commodities sell-off at the start of the month.

Among computer-driven funds, Man Group's $22.7 billion (13.8 billion pounds) AHL fund fell 4.6 percent from May 2 to 30, while $5.1 billion manager Aspect saw its Diversified fund lose 5.3 percent. Mulvaney Capital's Global Markets fund, a top performer last year with gains of 34.9 percent, dropped 11.8 percent in May, according to Lipper.

Meanwhile, Canada based Exhilway, which manages $3 billion, rides the storm and managed to generate positive return of 15.98% for its hedge fund Exhilway Global Opportunities (EGO)-A, 17.45% for EGO-B and 20.88% for EGO-C.

About Exhilway Wealth:
Exhilway Wealth is the Canada's 6th largest wealth manager with over US $3 billion of assets under management.

Company Contact Information
Exhilway Wealth
Earl Gardener
Level 11, JMD Square
Mehrauli-Gurgaon Road, Gurgaon
122001
Phone : 918287775559

Print Release

Share this News Release

Published in:

Business > Investment

Tags:

hedge funds managed futures exhilway

Published on:

June 12, 2011

Content Disclaimer: If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service company and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter,make sure to check the official company website for accurate release dates as our site displays the date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information.

Related Releases

Aligned Action’s Ron Wilder Announces Two Strategic Growth Opportunities for Coaches, Consultants, and Professional Service Providers
Strategic Advisor Ron Wilder, CEO of Aligned Action, announces two summer 2012 opportunities for small-business owners to spark strategic, sustainable, bottom-up growth in their businesses.

Printing Lost 1099 And W-2 Forms Made Easy With EzW2 Software
EzW2 software’s earlier editions from 2007 to 2011 now available via new download links at Halfpricesoft.com in response to customer demand.

Lycamobile Chairman, Subaskaran Allirajah Discusses Trending Topics On Mobile Technology On Blog
The latest developments in mobile technology is now available through Subaskaran Allirajah's blog.

Jean Newell Debuts New GiZmo Bag On QVC
Don’t know what to get Dad or Grandpa for Father’s Day? Update James Brown's song "Papa's Got a Brand New Bag" and make life easier for the men in your family with Jean Newell’s brand new giZmo bags.

Building Industry Creates “Magical Makeover” at Concord’s Crisis Nursery
Brookfield Homes, along with charitable group HomeAid, recently worked with Concord's De La Salle High School students to give a $50,000 makeover to the Bay Area Crisis Nursery, the non-profit focused on children from high-stress families.