Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
The U.S. government on Monday temporarily eased some trade restrictions imposed recently on China's Huawei, a move that sought to minimize disruption for the telecom company's...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
Stocks in Asia were mostly higher on Tuesday as a temporary reprieve in U.S.-China trade tensions provided a breather.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
Huya, a Chinese live streaming platform focused on gaming, is looking to expand into the U.S. in the next couple of years, CEO Rongjie Dong told CNBC. The U.S. is expected to...Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
While a 4 percent loss in 2018 is mediocre, it was the first time hedge funds beat the S&P 500 in a decade.
Hedge funds narrowly outperformed the market last year, posting a 4.07 percent annual loss versus the S&P's 4.38 percent retreat including dividends, according to data from Hedge Fund Research and analysis from CNBC's Leslie Picker. The last time the group beat the market was in 2008 during the financial crisis.
Hedge funds held up relatively well in December amid the stock market's worst month since the Great Depression. They fell 1.97 percent in the volatile month versus the S&P 500's 9 percent sell-off, according to HFR.
Defensive macro hedge funds and quantitative, trend-following CTA strategies even posted gains during that month.
One of the stellar performers was the world's largest hedge fund, Bridgewater. The firm's flagship Pure Alpha fund finished the year with a gain of 14.6 percent net of fees. Renaissance Technologies' RIDGE Fund gained more than 10 percent last year, while its equities fund surged 8.5 percent.
There were also big losers. All-star manager David Einhorn just ended his worst year since he founded Greenlight Capital in 1996, with his main fund bleeding 34 percent. Another billionaire manager who struggled big time in 2018 was Dan Loeb — his firm Third Point lost about 6 percent in December alone, bringing its yearly loss to about 11 percent.
— CNBC's Leslie Picker contributed reporting.