{"id":5418,"date":"2006-12-15T00:00:00","date_gmt":"2006-12-15T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"vega-hedge-funds-face-disappointing-2006","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2006\/vega-hedge-funds-face-disappointing-2006.html","title":{"rendered":"Vega hedge funds face disappointing 2006"},"content":{"rendered":"<p>Reuters &#8211; Vega Asset Management, a $5 billion hedge fund group that trades in global currencies and fixed income, is facing a disappointing year with performances that are well short of industryaverages, the firm told investors this week.<\/p>\n<p>  Madrid and New York-based Vega, founded by well-known trader Ravi Mehra, is down 16.16 percent in the year through November in its flagship Select Opportunities Fund, the firm said in a Dec. 12  letter to investors obtained by Reuters.<\/p>\n<p>  That&#8217;s well short of the average performance for similar &#8220;global macro&#8221; funds, which were up 7.9 percent in the year through November, according to Hedge Fund Research, which tracks the hedge fund  industry. And &#8220;relative value&#8221; funds, a category to which Vega also belongs, are up 10.8 percent in the same period, according to Hedge Fund Research indices.<\/p>\n<p><a href=\"http:\/\/today.reuters.com\/news\/articleinvesting.aspx?type=mergersNews&amp;storyID=2006-12-14T202157Z_01_N14340174_RTRIDST_0_VEGA-HEDGE.XML&amp;WTmodLoc=InvArt-C2-NextArticle-2\">ReadComplete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Vega Asset Management, a $5 billion hedge fund group that trades in global currencies and fixed income, is facing a disappointing year with performances that are well short of industryaverages, the firm told investors this week. Madrid and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5418","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5418"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5418\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}