Hennessee_Group - Hennessee Group show details 9:43 AM (5...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Hennessee Group show details 9:43 AM (5 hours ago) Reply FOR IMMEDIATE RELEASE For further information contact: Hennessee Group LLC 212-857-4400 www.hennesseegroup.com HEDGE FUNDS DECLINE - 5.52% IN OCTOBER Hedge Funds Continue on Path to Worst Year in History November 10, 2008 – New York, NY – Hennessee Group LLC, an adviser to hedge fund investors, announced today that the Hennessee Hedge Fund Index declined –5.52% in October (-15.30% YTD), while the S&P 500 declined -16.94% (-34.02% YTD), the Dow Jones Industrial Average declined -14.06% (-29.70% YTD), and the NASDAQ Composite Index declined -17.73% (-35.11% YTD). Bonds declined, as the Lehman Aggregate Bond Index declined -2.36% (-1.73% YTD). “While the Hennessee Hedge Fund Index is down -15.73% this year, it has outperformed the S&P 500 on a relative basis by almost 20%” commented Lee Hennessee, Managing Principal of Hennessee Group. “It has certainly been a challenging year, but hedge funds have worked to preserve capital in an extremely challenging market environment.” “While September was challenging due to several extraordinary and unexpected events, managers were able to weather October’s volatility better given their reduced exposures,”
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/09/2010 for the course NBA 5450 taught by Professor Richardmarin during the Fall '09 term at Cornell University (Engineering School).

Page1 / 2

Hennessee_Group - Hennessee Group show details 9:43 AM (5...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online