January 30 Markets Summary: Lonza, hedge funds in focus
Lonza shareholders were taken by surprise as the CEO, who drove growth in the last years, announced he is stepping down. As a result, the stock price lost more than 7 percent. We also look at the diminishing returns of hedge funds. Finally, the SMI gained 0.28 percent and finished at 8,965.71.
For hedge funds, the house is on fire. But CAIA says it’s fine
In 2018, most hedge funds lost money and some big names even went out of business. The good old days of the 1990s with strong returns are gone, data shows. But Keith Black of the Chartered Alternative Investment Analyst Association argues that hedge funds still make sense for investors.